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Cash payments limit

This query is : Resolved 
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(Querist)
28 March 2017 Sir,
What is maximum cash payment limit from April 1, 2017, will it continue as Rs20,000/= or it is reduced to to lower limit. please clarify.
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CA Gopal Somani

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CA Gopal Somani (Expert)
28 March 2017 It has been reduced to 10000.
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Tony John

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Tony John (Expert)
29 March 2017 Restricted to Rs.10000 violation of which will lead to disallowance.
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Tony John

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Tony John (Expert)
29 March 2017 It is as per amendment in Section 40A(3)
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