Cash purchase limit per day

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281 Points Posted on 16 August 2023
is there any limit of cash purchases on a single day as per income tax act
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On 16 August 2023 at 13:54 Report
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This discussion explores the daily limit for cash purchases according to the Income Tax Act. Specifically, it questions whether there's a restriction of £10,000 per day for cash transactions made to a single person or entity. The aim is to clarify the rules surrounding large cash payments and their implications under tax law.

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ACCOUNTS MANAGER
2213 Points Posted on 16 August 2023

10000/- IN A SINGLE DAY ...............  

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On 16 August 2023 at 14:06
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"Do the Right Thing...!!!"
128157 Points Posted on 16 August 2023
10k in a day to a person/entity...
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On 16 August 2023 at 15:55

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