management of currency in 500 &1000 Rs. denomination..
This query is : Resolved
11 November 2016
I have thought some ideas for managing high currency, but I want some advice whether any problem will arISE in future in respect if the transaction which will be made for converting denomination of currency :
1. to deposit currency upto 250000 and also file the nil return in respect of the same
2. to repay Kishan Credit Account or Cash credit account as these account relates to buissness working capital
3. if any marriage of relative is celebrated during current financial year then the same person can deposit currency upto a limit which satisfy his/her economical status.
please advice, whether any changes are to be made in these expected transaction or I can proceed with the same.
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11 November 2016
Option 1 and 2 is okay. Option 3 not workable.
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