Validity of receiving and depositing taxes on behalf of celints
This query is : Resolved
munish puri
(Querist)
08 November 2022
Dear all
I am Practicing advocate and tax consultants. Can I receive money on behalf of clients in my bank account and deposit into govt department. if yes the please tell me legal validity of the same and under which section and clause I can find it.
with regards
I am Practicing advocate and tax consultants. Can I receive money on behalf of clients in my bank account and deposit into govt department. if yes the please tell me legal validity of the same and under which section and clause I can find it.
with regards
CA R SEETHARAMAN
(Expert)
08 November 2022
Yes, as the amount received is paid to the government.
Only cash receipt in bank is not allowed
Only cash receipt in bank is not allowed
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