Cash deposit by customer

This query is : Resolved 
 

(Querist)
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 (Expert)

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 (Querist)
17 July 2017

Thank You Sir,

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

CA R SEETHARAMAN (Expert)

18 July 2017

Yes he can do....................



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