Cash transaction
ajeet singh (1392 Points)
19 September 2018
purchase a mobile of rs 30000 by cash payment is it contravention of 269ST of it act
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195521 Points)
Replied 19 September 2018
269ST......... over 30K payment !!!
Gautam Chauhan
(4 Points)
Replied 19 September 2018
The burden of compliance is put on the receiver of cash and not the person who makes the payment
so you don't need to worry
so you don't need to worry
rama krishnan
(12244 Points)
Replied 19 September 2018
if you show the mobile as your fixed asset then you cannot claim depreciation on that
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 20 September 2018
@ Gautam Chauhan.,
Receiver of Cash is not levied upto 199,999...
Buyer side is levied above 10k cash expenses...
@ Ajit Singh.,
As per Your query the Expense is disallowed and You can't claim depreciation.
Receiver of Cash is not levied upto 199,999...
Buyer side is levied above 10k cash expenses...
@ Ajit Singh.,
As per Your query the Expense is disallowed and You can't claim depreciation.
Recent Topics
- Reporting Dividend in ITR2
- Tax Audit Applicability for F&O Loss
- Resume of my studies
- Payment Platform Compliance for Freelance Income
- Insurance commission of 3lacs & along with oth
- Regarding digital signature on sale bill
- Digital signature in sale invoice
- GST notice in Form GSTR-3A issued u/s 46 to person
- Filing LTC Gains and loss in ITR1 FY2024-25
- IRN at e_waybill print out
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
