TaxTMI 
TaxTMI 
Sir,
Is there any limit for cash receipt per day from single customer.
Limit for cash receipt
27 Apr 2013 
1 Reply 
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Cash transaction limit requires payments above the prescribed threshold to be made by cheque or demand draft.
The operative rule stated in the advisory is that cash receipts are capped at Rs.20,000 from a single transaction; amounts exceeding that limit must be transacted by cheque or demand draft. (AI Summary)
The operative rule stated in the advisory is that cash receipts are capped at Rs.20,000 from a single transaction; amounts exceeding that limit must be transacted by cheque or demand draft. (AI Summary)
