unregistered purchase
aradhana agarwal (57 Points)
12 April 2019aradhana agarwal (57 Points)
12 April 2019
Akhil
(Student CA )
(988 Points)
Replied 12 April 2019
Deepak Gupta
(CA Student)
(15922 Points)
Replied 12 April 2019
If you are purchasing agricultural produce from the farmer, then you can make the payment in one go because Rule 6DD(e) of the Income-tax rules exempts such payment from the daily cash limit.
Otherwise 10K per day as per Sec. 40(A)(3) because it says “…any expenditure…”
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)