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Remittance receipt in cash

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2013 Dear Sir,

Up to how much payment could be received in cash from single party in the FY?
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Pankaj Gupta

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Pankaj Gupta (Expert)
04 January 2013 The limit is not seen per year, rather per day. From same person against a single bill the maximum amount is 20000. But in case of transporter the amount is 35000.

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