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Direct deposited cash by party

This query is : Resolved 
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(Querist)
17 May 2008 I m in construction industry.we receive advance against booking from customer on booking a space on our Mall.Is there any contravention of Law ,If any party directly deposit booking amount in company`s bank account.we obtain all documents eg PAN card etc.
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KAUSTUBH M JOSHI

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KAUSTUBH M JOSHI (Expert)
17 May 2008 as the entry & payment thereto are according to the policies & procedures therefore valid. The amount deposited as above shall be indicated in the sales deed of the shop etc.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
18 May 2008 No there is no contravention.
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