ACCEPTIng CASH MORE THAN 2 LACS FOR SINGLE EVent. to buy lic policy
This query is : Open
PAWAN PAMNANI
(Querist)
13 September 2017
dear sir I want to know if an institution takes a policy of rs 500000 in cash what penalty will applied for the institution amt taken in 3 transactions 200000 in single day in 4 days but policy completed only one
CA Rashmi Gandhi
(Expert)
14 September 2017
Penalty upto 100% will be imposed.............
PAWAN PAMNANI
(Querist)
14 September 2017
how can we avoid penalty
PAWAN PAMNANI
(Querist)
14 September 2017
and who bear penalty lic or his employee
CA Rashmi Gandhi
(Expert)
14 September 2017
Mail me on rash.0903@gmail.com for suggestion to avoid penalty
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