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Regarding repayment of rental advance in cash

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(Querist)
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
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Kaushik Joshi

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Kaushik Joshi (Expert)
28 April 2016 No. Section 269SS/T prohibits acceptance and repayment of cash advances in cash.
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CA MANISH SAXENA

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CA MANISH SAXENA (Expert)
30 April 2016 Agree with Mr. Kaushik!!!

Thanks!
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