"CASH PAYMENT LIMIT" under INCOME TAX ACT - special CASH TRANSACTION series for BUSINESSMEN

Watch this video to know more about following: What is the cash payment limit under income tax act as per section 40A(3) of Income Tax Act? For an expense, how much amount we can pay in cash? What is the latest cash payment limit? Whether payment above Rs. 10,000/- is allowed in bearer cheque as per section 40A(3) of Income Tax Act? Is there any exception under income tax act to make payment above Rs. 10,000/- in cash? What if somebody have made payment above Rs. 10,000/- in cash? Are cash payment disallowed under income tax? Can we made payment above Rs. 10,000/- in cash for purchase of fixed asset? Cash transactions are always under a scanner of income tax department. We should always avoid cash transactions as far as possible. But in some circumstances, we cannot avoid it. To know the various limit for cash transactions, we have made a special series on it. This is the first video of the series. #cashpaymentlimit #cashtransactionlimit #incometax #incometaxinindia #taxationinindia #taxation Subscribe to our channel now for regular updates. Click to this link to subscribe now:- https://www.youtube.com/@taxfinbookgu... You can also whats-app us on 9173258723 to ask any questions. We are trying our best to make a videos that are very practical and in very easy language. Enjoy and keep upgrading your knowledge. Please follow us on Facebook : https://www.facebook.com/profile.php?... Instagram: https://www.instagram.com/invites/con... Team Taxfinbook Guru #surat #gujarat