Sagar Patel (Tax and Business Consultant) 12 August 2020
Same as F.Y 2020-21 as described by Mr. Karan Singh
Business Expenditure (Capital or Revenue) - Maximum Rs. 10000 in cash is allowed.
Repayment or Accepting any loans or Deposit - Less than Rs. 20,000 in cash is allowed. (Acceptance or repayment of loan or deposit of Rs. 20000 or more in cash is not allowed)
Receipt of any nature other than loan or deposit: Less than Rs. 2,00,000 in cash is permissible (You cannot receive Rs. 2,00,000 or more in cash)