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3 thoughts on “Cash Transaction Limit in India – cash payment and cash receipt

  1. Anand Modani

    We do business of wholesale..
    Can we do cash transaction with our retailer for more than 5 lakhs in a year.

    No single bill will cross Rs.50000.

  2. B Narasimha Moorthy

    I have a bima bachat LIC policy, sum assured is ₹2,50,000 and single premium paid ₹197025/-including gst etc., (₹B189905/- net premium). Survival benefit of ₹37500/- is received in January 2020. Does this amount is subject to income tax for the f/y 2019-20. Please guide me. Thanks in advance…. BN Moorthy

  3. Avik Banerjee

    I am very satisfied to know all new provisions.please update me again all tax provisions which have changed or canbe changed.

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