Is there any limit to cash payment in expenses?
AnswerBot
1y
Yes, as per Income Tax Act, 1961, cash payment exceeding Rs. 10,000 is not allowed for expenses.
As per Income Tax Act, 1961, cash payment exceeding Rs. 10,000 is not allowed for expenses
This limit is ...read more
Harish Kumar Chary
2y
Income Tax law provides for permissible cash expenses as deductible expenses for cash payments exceeding Rs 10,000 in a single day
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