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cash transaction in a year up to Rs.20,000/- that rule under
sec.40-A. It may be any revised rule updated. Please inform me
anybody, and also suppose giving cash/cheque it is possible.
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Answer Posted / gulzar singh ( gulzar.thpl@gma
Cash payment in a singal day to party should not be
morethen rs. 20000/-, however payment is being made for
hiring ro leasing ( transportation) , the limit is 35000/-
if payment is more then 20000/- will disalloued. and deemed
as profit.
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