CA Loan Bajaj Finserv
CA Final Online Classes
CA Loan Bajaj Finserv

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Cash transaction more than 10000/-


Anoop Jain   28 February 2021

Anoop Jain

 36 points

| My Other Post
Dear sir

I have milk business. Each of my customers is billed more than 12000/- daily.so can I get more than Rs 10000/- in cash in a day from each customers.

Best regards

Anoop Jain
Sourav

Sourav (Student)     28 February 2021

Sourav
Student 
 512 likes  8397 points

View Profile | My Other Post
You should ask your customers to provide cheque payment
anil jain

anil jain (Partner)     02 March 2021

anil jain
Partner 
 31 likes  720 points

View Profile | My Other Post

Yes, you can accept, restriction is on expenditure not receipt up to  200000.

Anil Rawat

Anil Rawat (Manager Accounts & Taxation)     02 March 2021

Anil Rawat
Manager Accounts & Taxation 
 3 likes  63 points

View Profile | My Other Post

No person shall receive an amount of Rs 2,00,000 or more in aggregate from a person in a day, or in respect of a single transaction, or in respect of transactions relating to one event or occasion from a person, otherwise by an account payee cheque or an account payer bank draft or use of electronic clearing system through a bank account.

Accordingly, if you receive 12000 on daily basis then there is no issue as per my understanding.

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading


Trending Tags