Cash receipt in excess of rs. 20000

cash receipt in excess of Rs. 20000 is allowed

There is a Restriction for payment of Rs 20000 or more in cheque or draft.

u can receive any amount of mony for your books of a/c.

Yes, you can receive more than 20000/-

yes you can receive

Thank u all of u

Yes its allowed

whether private limited company can receive  in excess of Rs.20,000/-  in Cash?

Undoubtly allowed

As per sec40A and rule 6DD

if payment gives in CASH more than 20000rs than it shall be taxable

and if payment is made  bu Cheque than nothing shall be disallowed

i had asked question related to private limited company & not for Individual or Firm.

again my question is that cash receipt by Private Limited Company in excess of Rs.20,000/- per day  or per month allowable or not?is there any limitation for Private Limited Company for receipt of money in cash ?