Easy Office
LCI Learning

Cash limit for advance receipt from customer

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 November 2019 res sir,
kindly clarify me how many amount in cash received from my customer(before issued the invoice)
Profile Image

A.S.SUNDARARAJANpro badge

Profile Image

A.S.SUNDARARAJANpro badge (Expert)
27 November 2019 The cash receipt to be restricted to Rs.2,00,000/- per day
Profile Image

Gokul Sharma

Profile Image

Gokul Sharma (Expert)
27 November 2019 (A) in aggregate from a person in a day (or)

(B) in respect of a single transaction (or)

(C) in respect of transactions relating to one event or occasion from a person.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Gokul Sharma

Profile Image

Gokul Sharma (Expert)
27 November 2019 https://taxguru.in/income-tax/rs-2-lakh-cash-transaction-limit-wef-01apr2017-details-examples.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links