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Cash entry rs.50000/-

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(Querist)
23 May 2019 I have paid cash of Rs.50000/- registration of firm in SBI challan . Is it allowed as per income tax
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 June 2019 yes, it is allowed so long as the fee paid is as per schedule of fees of firms

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