Cash receipt >20,000
This query is : Resolved
20 November 2011
Can a co-operative society receive contribution from its members in cash exceeding Rs.20,000?
21 November 2011
1. Receiving the Cash is no problem.
2. It is against Contribution,not become a part of Revenue/Expenses.
Regards
K.L.Paliwal
2. It is against Contribution,not become a part of Revenue/Expenses.
Regards
K.L.Paliwal
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Filling ITR for FY 2024-25
- Medical facility
- GST Registration DELHI MUMBAI
- Incidence of Tax - TDA
- FRESH FRUIT JUICE EXEMPTION UNDER GST
- Sale of old gold ornaments
- GST applicability on Shipping charges
- Experienced CA recommendation from Kolkata for FNO return filing
- Sales of goods of amount Rs77 lakhs to a party
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
