Dear Sir,
we have got the service from transporter. fright bill Rs.23000 can we pay cash Rs.23000 fright from Delhi to punjab
9 Replies
sabyasachi mukherjee
(27574 Points)
Replied 27 October 2022
Disallowed expenditure will be added to your income.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 27 October 2022
Cash expense Limit- Section 40A(3) of IT act..
Threshold limit: Cash payment exceeding Rs 10000 to person in a single day not allowed.
The Limit is extended to Rs 35000 in case payments are being made to transporters.
rama krishnan
(12239 Points)
Replied 27 October 2022
Sorry for wrong comments.... the cash payments limit for transporters is 35000 as said by Mr. Dhiraj
Amit
(Accounts )
(528 Points)
Replied 28 October 2022
If total bill was 60k , 35k pay in cash and balance through cheque.
is it ok ?
is it ok ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 28 October 2022
Yes, cash payment is within the available limit...
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