we are running one garment retail store.we have to purchase from different parts/cities of country.as we are unknown to suppliers.how much cash payment we can make. for business expenses limit is Rs 10000.is there same limit for purchases too ?
vinod sharma (self employed) (54 Points)
10 July 2022we are running one garment retail store.we have to purchase from different parts/cities of country.as we are unknown to suppliers.how much cash payment we can make. for business expenses limit is Rs 10000.is there same limit for purchases too ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167898 Points)
Replied 10 July 2022
Yes, the same is the limit for purchase too.
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 10 July 2022
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
