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Limit for disallowance of business expenditure made in cash above rs 10,000/-

Page no : 2
RAMESH D MODI

RAMESH D MODI (Proprietor) (4869 Points)
Replied 06 May 2017

35000/- is for revenue and capital expenditure for transporter
1 Like
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rama krishnan

rama krishnan (12234 Points)
Replied 07 May 2017

sorry...the limit for cash payment to transporters is 35000 only as stated by other experts but for tds liability the threshold limit is 30000 in a day and 100000 aggregate payment during the p.y

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant) (86318 Points)
Replied 07 May 2017

For transporters cash payment limit is Rs.35000/- & for other it is 10000/-


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