Cash limit for advance receipt from customer
This query is : Resolved
27 November 2019
res sir,
kindly clarify me how many amount in cash received from my customer(before issued the invoice)
kindly clarify me how many amount in cash received from my customer(before issued the invoice)
27 November 2019
The cash receipt to be restricted to Rs.2,00,000/- per day
Gokul Sharma
(Expert)
27 November 2019
(A) in aggregate from a person in a day (or)
(B) in respect of a single transaction (or)
(C) in respect of transactions relating to one event or occasion from a person.
(B) in respect of a single transaction (or)
(C) in respect of transactions relating to one event or occasion from a person.
Gokul Sharma
(Expert)
27 November 2019
https://taxguru.in/income-tax/rs-2-lakh-cash-transaction-limit-wef-01apr2017-details-examples.html
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