please tell me URD purchase limit as per income tax act & also per day & yearly cash payment limit to URD
3 Replies
Abhishek Ajmera
(68 Points)
Replied 16 September 2017
there is no such concept as URD in income tax . as per income tax cash expenses or payment more than 20,000 is not allowed in a day but cash receipts can b done upto 2L from an individual person if it's more than 2L Ur suppose to collect 1 percent TCS
Ayub Khan
(-)
(48 Points)
Replied 16 September 2017
cash payment upto rs 10,000 per day per person..
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 16 September 2017
Yes. I agreed to Mr Ayub Khan.,
The cash limit reduced 20k to 10k...
Cash to a person allowed only 10k.....
The cash limit reduced 20k to 10k...
Cash to a person allowed only 10k.....
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