Union budget 2017: rs 3 lakh cash transaction limit cash transatcion?

" is Cash limit applicable for Company & Firm ?"                    YES

"  3 Lakh Cash limit would be count for Financial year ?" 

2 lakhs limit per day per person per event................. and not per year.

Sir,

Is it necessasry to collect PAN from all transaction above 2 Lakhs.

Collecting PAN from the payer will not relieve you from penalty for non-compliance of section 269ST!  You will be charged with penalty of equal amount if the section gets violated. So, don't accept any amount of 2 lakhs or more from any single person or on any single event of any day, from 1st April, 2017.

Sir,

 My question is,if the sale amount agst Invoice 01 is 3 lakhs,cash -1,90,000/- and card 1,10,000/-then the transaction or Invoice is more than 2 Lakhs.In this case,shall we collect KYC and PAN from the customer.

Sir,

 My question is,if the sale amount agst Invoice 01 is 3 lakhs,cash -1,90,000/- and card 1,10,000/-then the transaction or Invoice is more than 2 Lakhs.In this case,shall we collect KYC and PAN from the customer.