Cash limit

what is the cash limit in a day
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Quick Summary
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.

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.
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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