Cash deposits directly to bank account by customer
This query is : Resolved
23 May 2017
Dear Experts,
Please clarify on cash deposited by the customer directly to our bank account will be considered as cash transaction or will consider transaction through bank U/S 269ST.
Bank details are with customer for doing RTGS to our account.
Please clarify on cash deposited by the customer directly to our bank account will be considered as cash transaction or will consider transaction through bank U/S 269ST.
Bank details are with customer for doing RTGS to our account.
Nischit Sanghavi
(Expert)
23 May 2017
It will consider NEFT/RTGS only. You have not received cash
26 May 2017
Is there any other view for Cash deposits directly by customers to bank U/S269ST. Will this consider as cash receipt or RTGS in hands of assessee.
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