Advance Receipt in cash exceeding 20000/-

179 views 2 replies
Hello Friends
Can assessee receive advance receipt from customers more than 20000 in cash related to goods and services?
Replies (2)
No. Cash transactions are prohibited
Advance receipt in cash exceeding Rs.20000 violation is not there provided we know the nature of assesse.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register