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Cash in hand

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(Querist)
16 February 2019 what is the limit of the cash in hand in single day in income tax and if i have 30lac in daily cash balance that is matter or not or what is the limit of monhtly cash balance
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Nilesh Gami

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Nilesh Gami (Expert)
18 February 2019 there is no any limit to hold cash in hand as per income tax act. There are restrictions in transactions in case as per the act.

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