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Advance Receipt in cash exceeding 20000/-

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Proprietor
20 Points Posted on 06 October 2023
Hello Friends
Can assessee receive advance receipt from customers more than 20000 in cash related to goods and services?
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On 06 October 2023 at 10:31 Report
Replies (2)
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CFO- at NHTF
58280 Points Posted on 06 October 2023
No. Cash transactions are prohibited
59 Reply
On 06 October 2023 at 14:05
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Profession Business
28196 Points Posted on 07 October 2023
Advance receipt in cash exceeding Rs.20000 violation is not there provided we know the nature of assesse.
44 Reply
On 07 October 2023 at 08:21


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