We are a Private Limited company based at New Delhi. We manufacture and sell Diagnostics Kits all over India to our dealers and distributors. We are a full Tax compliant company in paying all our taxes and returns on time as on date.
We are receiving several queries from our dealers that whether they can deposit the outstanding payment in our company current bank account in cash or not? Against the sale invoices punched in their company name from April 2016 till date.
what is needed from our side and dealers side in terms of relevant documentation to execute such transactions in full compliance?

If anyone bank a/c jointly created, now he or she want to deposit cash in cash requisition slip mentioning the name whose name is first in joint bank a/c, again he or she want to deposit more money in cash requisition slip by mentioning the second name of joint bank a/c, then is it possible limit of 2.5 lacks cash deposit for each person who are now jointly in same bank a/c.

Sir, Please inform me...for my better knowledge
Thanking You,

sir I am doing a whole sale business.My issue is that we have outstanding with our debtors which are ready to pay in old notes. We received many amt in Cash and then we deposit the same into our current account on regular basis. My question is whether I can take the amt in Cash from my party and deposit the same into our bank account .You can say cash received from 15th November. If no ,what can be done . if yes what precaution and records need to be kept. pls revert asap we are not accepting it after 8th November but our business

any company having some cash in hand and this cash will be deposit 2 times in there current account.

Dear All,

How can i work out the cost centre wise revenue,expense,and profitability of a service provider company?

how many time we can deposit rs.49500 in saving a/c. without pancard

i am employee as accountant. now we have cash in company lockers approx 15000( 500 rs & 1000 rs note) .if i deposit this cash in company current account then what should i do? bcz bank ask my id proof? is there any problem when i show pan card bcz this is not my money it is all company...what shall be taken care in this. i dnt what this account in my pan card... which procedure involved in it..authorisation etc

what is property tax? who is liable to pay property tax? what is the due date to pay property tax for the year 2016? in case a person sold his property in October 2016., is he liable to pay property tax, if yes when and at what amt? please guide..

Dear Sirs, Just out of curiosity want to ask this that suppose a labour class person who earns in cash an amt of 2lacs (all proofs available) and spends 1lac out of it..thus say for past 4 years he has 4 lacs with him , now as I've  read on all posts he will be left stranded to the amount exceeding 2 or 2.5 lacs.. Now my question is why can't the arguments be that its an individual's wish whether he wants to keep cash with him or deposit in bank. Secondly since the income was below the taxable limit ITR wasn't filed. And lastly say the person never opened a bank account so there was no qurstion of depositing the same. Or will all such explanations will be just quashed by the AO straightaway.

Dear experts; my father income is below 2.5lkh Per annum. But we have saving up to RS.3lkh in hand. how can we deposit this. can I deposit some amount in my account as I am above 18. if so then how much money can I deposited.