Question ID :
39310
Payment to creditors or receipt from debtors in cash
amount received in cash 10000-each day from Old debtors or Payment is made to Creditors in installment up to 10000-per day. Whether this is in order
Posted by
Mahesh Kumar
on
Jul 27, 2019
Filed Under
DIRECT TAXES
If such payment exceeds 10000 per day, section 40A(3) will be attracted. Also receipt from debtors should not exceed the limit specified under section 269ST.
Posted by
CA. chunauti dholakia on
Jul 27, 2019