EASYOFFICE
EASYOFFICE

Cash transaction

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 November 2014 Can u please guide me about the cash transaction ? What is the limit of cash receipt & payment.

In case if we receive cash more than 1Lac is there any tax implication similarly for payment of cash more than 1Lac?

Please explain in detail

Thanks

Vinod
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
12 November 2014 no limit of cash sales. however, for expenses each expenses in cash in excess of Rs 20000 is disallowed.
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
12 November 2014 no limit of cash sales. however, for expenses each expenses in cash in excess of Rs 20000 is disallowed.
Upgrade to CAclubindia Pro. Subscribe Now!


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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links