Cash Receive
Dibyendu Kumar Majumder (42 Points)
01 July 2020
cash Receive above 2 lacks in one invoice it is possible.
1 Replies
sunil
(accountant)
(141 Points)
Replied 01 July 2020
With effective from 1st April, 2017, no person shall receive an amount of Rs 2 Lakh or more;
(A) in aggregate from a person in a day (or)
(B) in respect of a single transaction (or)
(C) in respect of transactions relating to one event or occasion from a person.
and 100% penalty to payer
(A) in aggregate from a person in a day (or)
(B) in respect of a single transaction (or)
(C) in respect of transactions relating to one event or occasion from a person.
and 100% penalty to payer
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