Payment in cash for any expenses or to any party or person

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HITEN V THAKKAR (Querist)
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13 August 2015 Dear All, How much we can pay in cash to any person or any company or any expenses in individual status or company status. What is limit of paying in cash in financial year or accounting year. Can we pay the one bill either in cash (upto which limit) and part thru cheque. Is it possible two mode of payments to any expenses or any person or any party.

Amol S Joglekar

Amol S Joglekar (Expert)
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13 August 2015 it is possible to make the payment in different modes for the same account. No issues.
20,000 is the thresh hold limit for cash payments.

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