Cash in excess of 200000/- in recovery?
This query is : Resolved
05 November 2020
Can a creditor in recovery of its dues accept Amount of more than 2 lac without attracting penalty in Income Tax, as Creditor is bound to accept the amount tender by Debtor as per law, please give any ruling/citation if any ?
05 November 2020
Less than 2 lacs cash only can be accepted
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