cash transaction

sir,
how much cash (limit) can bring in withdraw in proprietorship and firm.
beyond the limit what is the impact.

thanks in advance
Replies (1)

Their is no limit in cash withdrawal however you cannot make payment of above Rs.10,000/- in cash for expenses and above Rs. 35,000/- in cash to transporters.

You cannot accept 2,00,000/- cash in a single day or for single transaction or from single party

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