2 Replies
Kapadia Pravin
(17264 Points)
Replied 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.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 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
you can receive upto 200000 rupees in a day in a single transaction u/s 269ST
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