Daily cash payment limit
Jamal Uddin Siddiqui (350 Points)
30 May 2018
please tell me about the par day cash limit is 10000.00 or more for one person .
Jamal Uddin Siddiqui (350 Points)
30 May 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 30 May 2018
Cash Receipt of Rs 2 lakh or more, from a single person in a day is not allowed even if the amount has been paid through multiple transactions during the day which are below Rs 2 lakh.
Surjeet Negi
(947 Points)
Replied 30 May 2018
RAJA P M
("Do the Right Thing...!!!")
(127962 Points)
Replied 30 May 2018
Jeeva Thangavelu
(Student CA Final )
(609 Points)
Replied 30 May 2018
Limit is 10000/- per day per person except in case of payment for Freight where it is Rs.35,000/- per day.
vishnuvidhu
(staff)
(125 Points)
Replied 31 May 2018
vishnuvidhu
(staff)
(125 Points)
Replied 31 May 2018
Kaushik Deepak (KD)
(Officer Accountant)
(1136 Points)
Replied 31 May 2018
Section 32 income tax where in business exp cash limit is 10000 and section 40(A)(3A) cash payment limit resrtricted to RS 10,000.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
