How much cash can be accepted from sundry debtors in a year
This query is : Resolved
03 May 2017
from now on there is a limit of 10000 rs which can maximum be accepted as one time cash payment in a day from any of my sundry debtors.is there any limit on the total payment that can be accepted as cash in a year.
suppose he has bills worth rs. 10 lacs in a year. can he deposit 10000 every day as cash. or is there a limit to cash deposit in a year for a particular account
suppose he has bills worth rs. 10 lacs in a year. can he deposit 10000 every day as cash. or is there a limit to cash deposit in a year for a particular account
03 May 2017
No yearly limit but invoice wise limit is 2 lacs.
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