Limit for cash receipt

Tax queries 886 views 9 replies

i would like to know the limit for cash receipts to be received during a day. Ours is a real estate co. and the main source of income is brokerage. so how much cash receipt of brokerage can we record in a day? . kindly guide for the same.

Replies (9)

You can receive un-limited. Rs 20,000 per day cash limit is for spend expenditure. 

Thre is no limit for cash receipts

There is limit of Cash Expenses i.e Rs. 20000.00

There is no any Limit for Cash receipt, If you receipt Cash more Rs.50,000.00 then you must take Pan Card no of Giver and keep record of the same.

I hope your doubt are clear.

Regards

Sandeep Jadhav

Hi,Can i pay business expences of 1,00,000/- per day,say 20000/- to one person X per day,20000/- to another person Y in same day so on?

Yes, you can pay upto  Rs 20K per day per person

Dear Suman 

Cash Expenses should not be more than Rs.20,000.00 thats means you can make payment to one person up to Rs.20000.00 if you want to paid expenses in cash then you have to make distrubution of payment according to this. i.e. Rs. 20000.00 per day per person.

 

thanks

 

thanks

 

YUP , there is no limit on cash receipt . 

cash receipt limit is just a theoritical concept.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register