Cash Transactions limit| Cash payment limit

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Penalty may be levied / deduction claimed can be disallowed in case of violations

1. Accept cash of Rs. 2,00,000/- or more in aggregated from a single person in a day or for one or more transaction relating to one event or occasion

2. Receive or repay Rs. 20,000/- or more in cash for transfer of immovable Property

3. Pay more than Rs. 10,000/- in cash relating to Expenditure of Business / profession

4. Donate in Excess of Rs. 2,000/- in cash to a registered trust / political party


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