Cash deposits for monthly rental

Dear everyone, 

Is it allowed to receive monthly rental amount (Rs 48000) as cash deposit done to my bank account by the tenant? Will it result in any tax query/complication for me? Proper rental agreement exists and I am declaring the income and paying necessary taxes.

Thanks, Bishwa

Replies (3)
Quick Summary
This discussion explores the permissibility and tax implications of receiving monthly rental income as cash deposits into a bank account. While the original poster has a rental agreement and declares income, concerns about potential tax queries are raised. Advice suggests obtaining receipts and opting for online payments for clarity and ease.

Proper rental agreement exists and I am declaring the income and paying necessary taxes....

as per this NO ISSUES...
Better to get a receipt from landlord and online payment
Originally posted by : sabyasachi mukherjee
Better to get a receipt from landlord and online payment

Very Good message Mrrrrrr...

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