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How many amount paid on cash

Rajat Sharma (240 Points)

27 October 2021  
Sir. I want to know that who many amount can be paid in cash against the purchases.Thanks.

 3 Replies

Janak Shah (ca) (558 Points)
Replied 27 October 2021

Not more than ₹10000 in a day.

Sourav (Student) (23912 Points)
Replied 03 November 2021

10000 rupees
1 Like

Mukesh Katara (Account manager) (483 Points)
Replied 11 November 2021

An individual cannot accept more than Rs 2 lakh cash from close relatives in a single day. Companies, firms are also not allowed to accept or pay cash beyond a limit. If a business owner transacts for more than Rs 10,000 in cash, then that amount can not be claimed as an expenditure
1 Like

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