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is b2b purchase any cash limit u/s 40 (A) 3

Bhagwandass Puranchand (132 Points)

26 July 2018

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Kamlesh Prasad (7 Points)
Replied 26 July 2018

JCb se mitti khodai me gst rate kya hai

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RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 26 July 2018

@ Bhagwandass.,

As per income Tax rule the limit just Rs 10k only...

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Vinod Babu (24191 Points)
Replied 26 July 2018

Section 40A(3)(a) of the Income Tax Act provides that any expenditure incurred in respect of.
which payment is made in a sum exceeding Rs. 10,000/- in a single day otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft or through use of electronic clearing system, shall not be allowed as a deduction.