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Cash receipt limit of single party against sale in f.y.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2017 we are retailer of food items our total sale in cash to each party, sir please tell me we can how much cash receipt from single party against sale invoice each invoice below 2 lakh but total inv. value is 20 lakh of each party in one F.Y.
sir please tell me how much we can cash received from customer in F.Y.

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 February 2017 No cash limit for financial year. The limit is for each invoice. As each invoice is below 2 lacs you can receive 20 lacs in cash.
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