sir,
Now there is a limit on receiving excess of reciving more than 2,00,000.00 in cash from april 2017. It prohibits only receipt against a single transaction or an event.
my question is if i made sale invoices of 1,50,000.00 and 1,75,000.00 against a party on two diffrent dates.can i recice cash payments against those as 100000 ,100000 , 100000 , and 25000 in 4 diffrent dates.
ie two sales is two diffrent event or transctions?/
CAclubindia
