Once in while I get cash towards advance for supply and errection of DG sets from Schools and churches.
Can I accept cash, if yes, under what circumstances or should I strictly ask only for Cheque/DD etc
Rajarajan
Menu
Can I accept Cash towards Advance
Replies (2)
if its for advance for supplies, then provisions of section 269SS or 269T would not apply. If they are in the nature of deposit or loan, then do not accept cash for an amount exceeding Rs. 20,000
Yes,I agree with Mr.Kaustuv.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
