Cash deposit by customer

This query is : Resolved 
 

(Querist)
17 July 2017

Dear Sir,

My doubt is that whether a customer can deposit direct cash into the company account (Automotives Pvt. Ltd) rather than by Bank Trf.. what is the treatment.

please answer my query as soon as possible.


SEETHARAMAN (Expert)

17 July 2017

Customer can't deposit direct cash into the company account exceeding 2 lacs. Such deposits will be treated as cash payments.

m. yashodhara (Querist)
17 July 2017

Thank You Sir,

Whether Customer Can Deposit Rs. 20000 cash into company bank account directly

SEETHARAMAN (Expert)

18 July 2017

Yes he can do....................



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