Cash limit

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4 Points Posted on 21 January 2021
what is the cash limit in a day
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On 21 January 2021 at 13:14 Report
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This discussion clarifies daily cash transaction limits, particularly concerning Section 269ST, 269SS, and 40(a)(iii) of Indian tax law. It highlights that while you can receive up to ₹200,000 in a single day transaction, payments exceeding £10,000 in cash will be disallowed. Adhering to these limits is crucial for compliance.

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17269 Points Posted on 21 January 2021
Limit is in respect to particular payment . It is disallowed in case it exceeds 40(a)(iii). 269ST also governs cash transactions. 269SS also governs cash transactions.
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On 21 January 2021 at 13:46
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Chartered Accountant
24588 Points Posted on 21 January 2021
You can pay maximum 10000 in cash but in excess of 10000 of payment in cash will be disallowed
you can receive upto 200000 rupees in a day in a single transaction u/s 269ST
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On 21 January 2021 at 14:19

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