WHAT IS MAXIMUM LIMIT OF CASH PAYMENT PER DAY BY A COMPANY?
Question Submitted By :: Accounting-AllOther
I also faced this Question!! Answer Posted By
Transporter 35000/= and Others 20000/=
Maximum cash payment by a company to others is Rs. 20,000/-
but if you pay cash to Govt department you pay more then
20,000/-. Ashish Sakalley
If Company Pay to others Rs.20000/= and if Pay to transporter Rs.35000/=
to others it is 20000 & to transporter 35000.
this amendment is for all of them whether they are company or non company,trust,partnership firm.
there are no limit of cash
if they purchase capital goods there are not limit cash
if they pay as expenses then individual to one party there is maximum rs 20,000 & transporter 35000. Shailesh Pandey
A transporter can pay maximum Rs. 35000 in a single day for his fuel & repair & maintenance expenses but others can make a payment of maximum Rs. 20000 in a single day.
Maximum Cash distribution limited company per day
If Company Pay to others Rs.20000/= and if Pay to transporter Rs.35000/= But Some brokerage companies give to the agents above 20000
After ammendment in sec 40A A Company Can Pay in cash Rs.
35000/= in a day to a person Aditya Nath Mishra