Budget 2017, Impact on Businesses

Budget 2017, Impact on Businesses   Cash Payments limit u/s 40A(3) reduced to 10,000/- Cash Payments exceeding 10,000/- to a single person in a day will lead to disallowance of that expense u/s 40A(3). Earlier this limit was 20,000/-. 2. Capital Expense payments u/s 43 in cash exceeding 10,000 to a single person in a day. The scope of the expense was earlier only revenue expenses and from this budget…