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Threshold limit for Cash sales !?

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(Querist)
12 May 2009 Whether any threshold limit for cash sales? If the company sold a goods for value morethan 20000/- it must be a Draft/Cheque.pl clarify friends. any supporiting notification or act.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
12 May 2009 There is no such limit for making cash sales. Limit of 20K applies when you will make any payment, it is not for receipt.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
12 May 2009 Agree with Expert.
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