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Cash receipt limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2014 Dear Sir,

Pls expalain the limit of cash receipt Amount from any party on one day.?? Can we accept more than 20000/- rs. for a day?? and what effect will be for receiver and giver for the same?

25 August 2014 only exp paid in excess for 20,000 in disallowed.

25 August 2014 There is no limit on cash receipt, it is(20K) for expenditure. U can receive more than 20K. No problem from IT department.




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