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 :
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
Related Topics :
CAclubindia
