Cash transaction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2014
Dear expert,
Can i receive cash more than 20000 from single party in a day in regular trading business???????
Please reply....
Can i receive cash more than 20000 from single party in a day in regular trading business???????
Please reply....
28 October 2014
1. There is NO restriction on RECEIPT of cash in excess of Rs. 20,000/- on a single day if such receipt is from sale or services.
2. Restriction is on PAYMENT exceeding Rs. 20,000/-
2. Restriction is on PAYMENT exceeding Rs. 20,000/-
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