intrest

This query is : Resolved 

24 June 2010 deposit accepted by a company can pay interest accrued on it in cash ?

if amount is Rs 4600 per month.the assess is a sr.citizen who filed form 15g with the co.,


24 June 2010 Since Amount is less than Rs. 20,000/- it can be paid in cash.

However do take a receipt for payment of the same each month for your reference.


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