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Limit cash transactions
sec 44ad it returns filed money lending business person how much limit amount cash mode allowed money to customer in it act.
Replies (4)
For receiving money in cash limit is 200000 rupees and for payment limit is 10000 rupees
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)
Only 20000 as per section 269ss
Yes 20000 rupees may be received for loan as per 269SS and 269T
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