Cash receipts above rs. 2,00,000.00

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rajeev (Querist)

18 August 2017 Dt. 18/08/2017
Sub: CASH Receipts above Rs. 2,00,000.00
Sir,
Please tell me I am getting CASH income from home tuition Rs. 3,70,000 P.A. which is (31,000.00 P.M. aprox.) from 10 to 15 students and my FDR interest is 90,000.00 aprox.(P.A.).
My Question is for the F.Y. 2017-18
1. Can I receive CASH from 10 to 15 students Rs. 31,000.00 (P.M.).
2. Which Return file for the F.Y. 2017-18.
3. What type of record I Have to maintained.
4. Can I receive CASH above Rs. 2,00,000.00 from 10 to 15 students.

Thanks with Regards

CA Suresh Jain

CA Suresh Jain (Expert)

18 August 2017 1. Can I receive CASH from 10 to 15 students Rs. 31,000.00 (P.M.). --- Yes
2. Which Return file for the F.Y. 2017-18. -- one out of ITR 3 or ITR 4
3. What type of record I Have to maintained.-- fee register, cash & bank book, receipt book
4. Can I receive CASH above Rs. 2,00,000.00 from 10 to 15 students .-- Yes

rajeev

rajeev (Querist)

18 August 2017 can I receive CASH from home tuition Rs. 3,70,000 P.A. in f.y. 17-18 from 10 to 15 students.

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