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cash payment limit in one day

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(Querist)
13 January 2010 if a company have to pay cash for purchase how many amount can payed at a time in day?
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CA. VIKAS GUPTA

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CA. VIKAS GUPTA (Expert)
13 January 2010 Hi Nimit,
limit for cash payment for Rs.20000/- in a day irrespective of no. of times in which the same is paid in a day
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 January 2010 maximum limit is Rs.20000/- per person
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CA.Manish Jindal

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CA.Manish Jindal (Expert)
14 January 2010 yes max. limit is rs 20000/- per day / per person
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