acceptance of more than Rs.20000/- in cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2010
can we accept more than rs.20000/- in cash against our sales bill in a day?
19 August 2010
Yes you can accept the same no problems for you.
Section 269SS is attracted on acceptance of any loan or deposit.
Section 269SS is attracted on acceptance of any loan or deposit.
19 August 2010
agreed, in case of cash sale , Section 269SS is not apply.
19 August 2010
The person who are purchasing in cash more than 20000 against a single bill , will be diallowed expenses u/s 40A(3) subject to exception rule 6DD.
19 August 2010
Yes... cash in excess of Rs. 20000/- can be accepted against sale.
19 August 2010
agreed, in case of cash sale , Section 269SS is not apply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- STCG FOR GOLD ETFs
- Tax liability on income of freelancer
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
