Poonawalla fincorps
Poonawalla fincorps

Cash receipt

This query is : Resolved 
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(Querist)
28 October 2013 I wanted to know that my client is Pvt. Ltd. Company Now How Much cash he can receive on any sell of materials.
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Ganeshbabu K

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Ganeshbabu K (Expert)
28 October 2013 no Restriction available on cash sales
.
.
however there is a restrictions only for cash expences and cash advances given/accepted
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
28 October 2013 There is no provision on cash receipt...

The provision is for Cash payments U/S 40a3
{in Excess of 20000 in a single day to a single party}
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