Cash received more than 20000
This query is : Resolved
31 March 2013
Can we received more than Rs 20000 as cash against sales in indian currency from our neighboring countries.
Whether it is allowed or disallowed under IT Act.
Whether it is allowed or disallowed under IT Act.
31 March 2013
As understood your query, regarding export sale you are receiving money. Receipt in respect of export sale need to routed through bank and obtain the FIRC ( Foreign Inward Remittance certificate)
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