How many amount paid on cash

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Accountant
647 Points Posted on 27 October 2021
Sir. I want to know that who many amount can be paid in cash against the purchases.Thanks.
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On 27 October 2021 at 18:26 Report
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This discussion clarifies the limits on cash payments for purchases. Generally, you cannot pay more than £10,000 in cash in a single day. Exceeding this limit can result in the amount not being claimable as an expenditure. There are also specific rules regarding large cash gifts from relatives.

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ca
603 Points Posted on 27 October 2021
Not more than ₹10000 in a day.
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On 27 October 2021 at 22:27
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Chartered Accountant
24588 Points Posted on 03 November 2021
10000 rupees
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On 03 November 2021 at 13:08
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Account manager
533 Points Posted on 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
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On 11 November 2021 at 00:23

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