ecpenditure beyond 10000
Pavan Inani (257 Points)
21 May 2018
can I purchase GOODS billed beyond 10000 from my supplier for cash ???
2 Replies
VARUN MAHESHWARI
(79 Points)
Replied 21 May 2018
No. the same shall be disallowed as per section 40A(3) of the Income tax act 1961.
However you should also refer rule 6DD to check for exceptions
However you should also refer rule 6DD to check for exceptions
Vinod Babu
(24191 Points)
Replied 21 May 2018
You can purchase goods whether it is more 10,0000 or more but you can pay by cash less than 10,000
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