India Cash Payment


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what amount of maximum cash payment can be done to single party in a day against a single bill and amount of maximum cash payment to a single party in a year ? I have heard it was earlier 20000.00 and now it is 10 k and any idea it has been applicable from which month and year?
 
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Fidget

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There isn't a limit in accountancy. So any restrictions would be down to any legal requirements in your jurisdiction - possibly for detection/prevention of money laundering, or even just the policy of the organisation for cash flow purposes.
 
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