09 April 2020
How much cash can be received by a whole seller in a single day against a single invoice? Further I want to know if payment made for business expenditure of more than 10000 in a single day to a single person, it disallowed to person who made it but who received the payment, what will be the impact in his book?
09 April 2020
Yes, you can receive upto Rs. 1,99,999 in a single day against a single invoice. Rs. 10,000 will be disallowed in case of the person who is making the payment
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