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cash issue
how much cash v can take from customr
Replies (10)
Rs. 50k.....
Above 2lakhs it ll be fall under income tax act 269
refer section 269ST
so u r telling rs 50k but 269st says v can do buisness upto under 2 lakh
Yes. Also other rule ll be says Rs. 10k only allowed.....
But, Here the nature of transaction is the main reason.....
But, Here the nature of transaction is the main reason.....
if v do take cash 75000 any penalty is there i know under sec 43 purchase is not allowf
if v do take cash 75000 any penalty is there i know under sec 43 purchase is not allowf
there is diffrnt opinion of c.a sme r saying section 269st u r allowd to take less than 2 lakh but under 43 a purchase is restrictd under 10000
if smebdy forcefully givs cash whonis wrong seller or purchaser
Yes. Payments restricted to 10k. Receipts are under 269st 2l
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