Limit cash transactions

Kollipara Sundaraiah (B.com) (2963 Points)

03 June 2021

sec 44ad it returns filed money lending business person how much limit amount cash mode allowed money to customer in it act.

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 03 June 2021

For receiving money in cash limit is 200000 rupees and for payment limit is 10000 rupees

Deepak Kumar (791 Points)
Replied 03 June 2021

For receiving money in cash limit is 200000 as per section 269st and for payment of expense limit is 10000 as per section 40A(3)

veerendar singh (tax consultant) (3301 Points)
Replied 07 June 2021

Only 20000 as per section 269ss

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 25 July 2021

Yes 20000 rupees may be received for loan as per 269SS and 269T

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