Cash transaction limit reg
Marimuthu (Manager) (514 Points)
01 May 2021
Experts, What is the maximum limit to get the cash against sales invoice under Gst Act Or under Income Tax Act?
D.K. Sharma
(39 Points)
Replied 01 May 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 01 May 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 01 May 2021
I know that as per section 269ST, max cash receipts allowable is less than 2 lacs. But am not aware of requirement of pan/aadhar for purchase of >=50k.
D.K. Sharma
(39 Points)
Replied 01 May 2021
Lotus Agrawal
(Practice)
(1356 Points)
Replied 01 May 2021
CAclubindia
