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cash receipt of Rs20000 or more.

This query is : Resolved 
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(Querist)
12 August 2009 Dear sir
Is there any taxes on receipt of Rs20000 or more in cash in hands of a company.
Waiting for your kind help.
Thanks
Sachin
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
15 August 2009 There is no restriction on receipt.

Cash payment(expenditure) in excess of Rs. 20000.00 are disallowed.

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