Sir,
Can you please tell me , if one receives and deposit a cash of50,000 in the savings bank.
And secondly can we show in the ledger account ( Cash ledger) received money more then 20,000.
What are the consquences.
Kindly guide.
Thanks,
Regards
Sushant
Only payment of money is not allowed for tax purpose, No restriction on receiving of money.
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
View Details
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
CAclubindia
