Poonawalla fincorp
Poonawalla fincorp

Cash transaction

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Querist : Anonymous

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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....
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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/-

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