Regarding repayment of rental advance in cash
This query is : Resolved
28 April 2016
Sir
Any one suggest me Sir,
I have received rent from shop for Rs. 5000/- per month and i have taken advance Rs.1,00,000/-
now the shop is let -out now i repaid advance to tenant
Can i repaid rental advance in cash by single payment above whether it is allowed for income tax
Thanking you
Any one suggest me Sir,
I have received rent from shop for Rs. 5000/- per month and i have taken advance Rs.1,00,000/-
now the shop is let -out now i repaid advance to tenant
Can i repaid rental advance in cash by single payment above whether it is allowed for income tax
Thanking you
Kaushik Joshi
(Expert)
28 April 2016
No. Section 269SS/T prohibits acceptance and repayment of cash advances in cash.
CA MANISH SAXENA
(Expert)
30 April 2016
Agree with Mr. Kaushik!!!
Thanks!
Thanks!
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