Cash deposit by customer

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m. yashodhara (Querist)
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17 July 2017 Dear Sir,

My doubt is that whether a customer can deposit direct cash into the company account (Automotives Pvt. Ltd) rather than by Bank Trf.. what is the treatment.

please answer my query as soon as possible.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 July 2017 Customer can't deposit direct cash into the company account exceeding 2 lacs. Such deposits will be treated as cash payments.

m. yashodhara

m. yashodhara (Querist)
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17 July 2017 Thank You Sir,

Whether Customer Can Deposit Rs. 20000 cash into company bank account directly

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 July 2017 Yes he can do....................

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