Limit cash transactions

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B.com
3026 Points Posted on 03 June 2021
sec 44ad it returns filed money lending business person how much limit amount cash mode allowed money to customer in it act.
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On 03 June 2021 at 11:04 Report
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This discussion clarifies cash transaction limits for money lending businesses operating under Section 44AD of the Income Tax Act. It highlights that while receiving cash is limited to ₹200,000 under Section 269ST, payments for expenses are restricted to ₹10,000 per Section 40A(3). A specific mention is made of Section 269SS and 269T, indicating a ₹20,000 limit for receiving loans in cash.

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Chartered Accountant
24588 Points Posted on 03 June 2021
For receiving money in cash limit is 200000 rupees and for payment limit is 10000 rupees
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On 03 June 2021 at 12:04
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791 Points Posted on 03 June 2021
For receiving money in cash limit is 200000 as per section 269st and for payment of expense limit is 10000 as per section 40A(3)
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On 03 June 2021 at 21:13
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tax consultant
3306 Points Posted on 07 June 2021
Only 20000 as per section 269ss
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On 07 June 2021 at 00:27
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Chartered Accountant
24588 Points Posted on 25 July 2021
Yes 20000 rupees may be received for loan as per 269SS and 269T
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On 25 July 2021 at 06:02

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