Cash receipt limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2014
Dear Sir,
Pls expalain the limit of cash receipt Amount from any party on one day.?? Can we accept more than 20000/- rs. for a day?? and what effect will be for receiver and giver for the same?
Pls expalain the limit of cash receipt Amount from any party on one day.?? Can we accept more than 20000/- rs. for a day?? and what effect will be for receiver and giver for the same?
25 August 2014
only exp paid in excess for 20,000 in disallowed.
Message likes :
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Sandeep Dharar
(Expert)
25 August 2014
There is no limit on cash receipt, it is(20K) for expenditure. U can receive more than 20K. No problem from IT department.
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