Auditaudit Staff asked 2 years ago
1 Answers
RaviRavi Staff answered 2 years ago

10,000 limit was set by 2008 Guidelines
5,00,000 was set by 2013 Co Act
like in it was 1,000 as per 1956 Co Act
so it is because of time gap, authorities are not changing it along change in value of money, these are updation problems

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