Cash paymnet

This query is : Resolved

satish kumar Chauhan (Querist)
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29 March 2018 HOW MUCH CASH PAYMENT LIMIT IN AGGREGATE DURING THE YEAR, WHEN PURCHASE MADE RS. 10. LAC DURING THE YEAR FROM A SINGLE BUYER IN MULTIPLE BILLS ( EACH BILL LESS THAN 1.00 LAC)

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Sandeep Dharar

Sandeep Dharar (Expert)
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29 March 2018 Cash expenses above 10K to a single person in a single day is disallowed.

RAJA P M

RAJA P M (Expert)
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30 March 2018 Yes I agreed with Mr Sandeep Dharar's view and Only two Lakhs per annum...

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satish kumar Chauhan

satish kumar Chauhan (Querist)
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30 March 2018 Sir it means i received from my each customer Rs. 10000/- per day against goods sold and there is no limit of aggregate amount during the F.year

RAJA P M

RAJA P M (Expert)
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30 March 2018 No No No...
In One day not exceeding Rs. 10k...
In A Year it's not exceeding Rs. 2 Lakhs...