TaxTMI 
TaxTMI 
Can i Received Cash in one day from one person above 20,000/-
Regarding Cash transaction
07 Mar 2015 
2 Replies 
1119 Views Asked by
Cash transaction limit guidance conflicts: one view mandates cheque or demand draft, another permits cash receipt.
Whether a person may receive cash in a single day from the same payer above the stated threshold is contested: one reply advises receipt only by cheque or demand draft, while another says cash receipt is permitted, demonstrating conflicting guidance on permissible payment methods for substantial receipts. (AI Summary)
Whether a person may receive cash in a single day from the same payer above the stated threshold is contested: one reply advises receipt only by cheque or demand draft, while another says cash receipt is permitted, demonstrating conflicting guidance on permissible payment methods for substantial receipts. (AI Summary)