Income Tax Cash Limit

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Arindam Paul asked 6 years ago

Please give a detailed example for Income Tax Cash Limit transaction u/s 269ST, 40A(3), and give an example

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Question Tags: Income Tax Cash Limit

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Gaurav answered 6 years ago

As per Section 40A(3) we can not pay an amount exceeding Rs. 10,000/- to any one person in single day as a business transaction otherwise it would be disallowed but subject to certain exceptions

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Income Tax Cash Limit

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Income Tax Cash Limit

Latest Resources

When Is the Right Time to Hire a Solicitor in Dubai?

Critical analysis of what can be covered in "plant"- Based on Judgments of Income tax

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