sir
how much amount can collect by cash against a single bill above 2 lakhs
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cash collection against above two lakh sale
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Rs. 199999
i have a single bill of rs 250000, can I collect this amount 150000 by cash and 100000 by bank
Yes... You can.
No person shall receive an amount of two lakh rupees or more-
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
Otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
Otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:
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