Impact of car purchase in cash
This query is : Resolved
11 May 2017
Dear Sir,
I want to purchase Car Value Rs. 7.50 Lacs. Should I pay whole amount in Cash for purchase of car if not then up to how much amount I can pay in cash for purchase car?
I want to purchase Car Value Rs. 7.50 Lacs. Should I pay whole amount in Cash for purchase of car if not then up to how much amount I can pay in cash for purchase car?
11 May 2017
you can make cash payment below 2 lacs. if possible you can make entire amount through Demand Draft or Pay order.
12 May 2017
In view of section 269ST the cash payment should not be Rs 2 Lakhs or more otherwise recipient will invite penalty.
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
- Supply through E-commerce Operators
- Relief u/s Section 89
- Rent lease agreement
- REGARDING GST LIABILITY/....
- Tax liability on income of freelancer
- Merchant Export Accounting
- REGARDING SECTION 44AE
- E way bill for tractors
- SGST balance is there in credit ledger how to adjust for cgst
- GST Registration Horse racing
- Sales return eway bill
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
