As per IT ACT cash transaction in one or multiple invoice maximum less than 2 Lakh per customer
my question is if cash invoices issued then seller how much amount cash received in a day against that cash invoice or invoices in one purchaser ?
Menu
Cash Transaction
Replies (3)
Quick Summary
10000 per day
Plz clarify 10000 if cash transaction limit less than 2 Lakh why 10000 concept
Against one invoice seller can receive max below 2 lacs. but if buyer pays more than 10,000 in cash for any expense then he cannot get deductions for such expense.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
