Cash receive limit

Originally posted by : roooo
	dixit sir but tht aggregate cash sales will NOT be from one person right ..we can attach details of same in separate sheet like from whom we received how much ..

Then it will be ok. But that process is made for every day transaction. That will be headache. I suggest you can maintain all transaction in excel and direct import all transaction in software like tally with single click.

• Limit for disallowance of business expenditure made in cash is reduced from Rs 20,000 to Rs 10,000 made to a person per day. (Limit of Rs 35,000 for payment made to transporters however continues)
• Above dis allowance is extended on capital expenditure also by restricting depreciation and Capital Expenditure on R & D.