Cash recipt limit

This discussion clarifies the cash receipt limit for unregistered debtors in the UK. Generally, firms can receive up to £200,000 in cash per day from unregistered debtors. However, for a single transaction or event, the limit is under £200,000 as per Section 269ST. It's also crucial to note the £10,000 limit for payments made by debtors, which can affect expense deductibility under Section 40A. Exceptions apply to banking companies and NBFCs.