Maximum cash transaction allowed?

POSTED BY Sambaran Mitra ON October 23, 2013 10:53 pm ONE COMMENT

If an organization asks 90000 INR from me in cash (refuse to take cheque/DD), is it illegal for me to tender that much amount in cash?

One reply on this article “Maximum cash transaction allowed?”

  1. Venkatesh Jambulingam says:

    From my opinion, as long as you can get a receipt for this transaction for the same amount, you should be fine. The receipt should have registration id of that company/organization to make it as a valid receipt.

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