Cash limitation

Be more specific.

Okay will try but tell me limit for cash sale and cash purchase

Section 269ST :- No person shall receive an amount of Rs. 2 Lakh 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,

As per section 40A(3), no cash payment above Rs.10000 per transaction per party can be made in a day.

@ selva
@ arpit


cash sales - cash generated from sales should not exceed Rs.2 lakh per day per person.
cash purchase- Sec 40 A(3) provides for disallowance of expenses in respect of which a payment or aggregate of payments made to a person in a day ,otherwise than by account payee chq drawn on bank should not exceed Rs.10000

@ sabyasachi why u mention me