Respected sir, Can I take above 2 lakh cash in a agreegate for different
sale bill. or only 2 lakh plz Guide me.
not above 2 lac............... ..........
RAVINDRA GANGADHAR DEVALE (TAX PRACTITIONER) (280 Points)
11 May 2024
NARENDRA
(ACCOUNTS MANAGER)
(1591 Points)
Replied 11 May 2024
not above 2 lac............... ..........
CA Anoop Kumar Sharma
(Accounts Manager)
(772 Points)
Replied 11 May 2024
Section 269ST states that no person shall receive an amount of Two lakh rupees or more, in aggregate from a person
RAVINDRA GANGADHAR DEVALE
(TAX PRACTITIONER)
(280 Points)
Replied 11 May 2024
sabyasachi mukherjee
(26339 Points)
Replied 11 May 2024
NARENDRA
(ACCOUNTS MANAGER)
(1591 Points)
Replied 11 May 2024
| Originally posted by : sabyasachi mukherjee | ||
 |
An individual or business entity cannot deposit more than Rs.199999 lakh in one day in a scheduled bank. |  |
is it ?????? really Mr. Mukherjee ????
Sandeep Jain
(Pivate)
(1244 Points)
Replied 11 May 2024
UR Sugars
(2 Points)
Replied 14 May 2024
Sir,
Nicely informative.... what if Accounted sale amount deposited in bank which is more then Rs 2Lakh as Owner do not above this rule?
what should he do now?
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
