FRIENDS
A PVT. LTD COMPANY WHO IS A FRANCHISEE OF BSNL DEPOSITS THE CASH COLLECTIONS DIRECTLY INTO BSNL'S ACCOUNT, INSTEAD OF DEPOSITING THE CASH INTO THEIR CURRENT ACCOUNT AND MAKING PAYMENT EITHER THROUGH NEFT OR CROSSED A/C PAYEE CHEQUE.
MY DOUBT IS WHETHER CASH DEPOSITS MADE DIRECTLY INTO BSNL'S ACCOUNT AMOUNT TO CASH PAYMENT?
IS THERE ANY EXEMPTION FOR BSNL IN PREVIEW OF INCOME TAX ACT?
THANKS IN ADVANCE
" MY DOUBT IS WHETHER CASH DEPOSITS MADE DIRECTLY INTO BSNL'S ACCOUNT AMOUNT TO CASH PAYMENT?
YES
IS THERE ANY EXEMPTION FOR BSNL IN PREVIEW OF INCOME TAX ACT?
No, but corporate body.....
Malhotra Rajesh & Associates
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