sir,
I would like to know if there is any objection from I.T. department, for cash receipt of more than 2 lakh from partner/propietor
You cant accept amount in excess of Rs. 200000/- in cash from partner.
CA Rashmi Gandhi
(Chartered Accountant)
(86243 Points)
Replied 05 April 2018
You cant accept amount in excess of Rs. 200000/- in cash from partner.
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