Acceptance of payment in cash > 20,000/-
This query is : Resolved
08 August 2011
Dear Expert
We have one customer, mananagement is not allowing him credit facility. Hence, the said customer would like to make payment of Rs. 60,000/- in cash to us. So should we accept this payment in cash from him? Whether It would create any difficulty to us? please reply.
We have one customer, mananagement is not allowing him credit facility. Hence, the said customer would like to make payment of Rs. 60,000/- in cash to us. So should we accept this payment in cash from him? Whether It would create any difficulty to us? please reply.
08 August 2011
you can receive the payment,it will not create any problem for you. better take the person PAN for safe
09 August 2011
You should have the address also in addition to PAN Number and photo copy of PAN Card. Rest I agree with the expert
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