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Cash payments or receipt s

madhu (Accountant)     07 August 2020

 1 likes  36 points

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dear sir,madam
can anyone tell me what is the cash payments or receipt limit for fy 2019-20 ????


Sagar Patel (Tax and Business Consultant)     12 August 2020

Sagar Patel
Tax and Business Consultant 
 809 likes  8871 points

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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)

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