Cash Receipt above Rs. 20,000/-
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2010
Dear Sir,
We wish to clarify that can our customer deposit Rs.3,00,000/- in our company's bank account against our pending invocie.
OR
can we receipt Cash in same case.
Please clarify the matter
Regards,
Ram Narayan
We wish to clarify that can our customer deposit Rs.3,00,000/- in our company's bank account against our pending invocie.
OR
can we receipt Cash in same case.
Please clarify the matter
Regards,
Ram Narayan
Heera Nahariya
(Expert)
04 January 2010
you can receive any amount in cash against sales/services made.
Section 40A(3) and Rule 6DD is in respect of cash payment made, not in respect of cash receipts.
Section 40A(3) and Rule 6DD is in respect of cash payment made, not in respect of cash receipts.
CMA Ramesh Krishnan
(Expert)
06 January 2010
YES, You can receive no problem
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