Accepting cash exceeding 20000rs

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Vibhor

Vibhor (Querist)
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13 August 2014 If the business is nature of trading then accepting cash exceeding 20000rs is allowed ?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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13 August 2014 Do not accept cash exceeding 20000 as loan

If you are receiving sales proceed, there is no problem in your side. The problem will arise on person making payment.

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

13 August 2014 Do not accept cash exceeding 20000 as loan

If you are receiving sales proceed, there is no problem in your side. The problem will arise on person making payment.

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