Hi,
One of our customer paid cash through bank by challan. Is this is acceptable.
Pls reply in light of the provisions of income tax act
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Cash deposit
Replies (4)
Paid cash through bank by challan means deposit slip or any other ?
can you tell what's the amount ?
can you tell what's the amount ?
Through challan and amount Rs.100110
Through deposit slip and amount Rs.100110
He must have asked you for depositing cash na. Now it will be your responsibility to prove about cash deposit as and when required. Keep few letters on record to support cash deposit.
I T angle there is no impact on you except above mentioned.
I T angle there is no impact on you except above mentioned.
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