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Cash transaction

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1392 Points Posted on 19 September 2018
purchase a mobile of rs 30000 by cash payment is it contravention of 269ST of it act
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On 19 September 2018 at 14:08 Report
Replies (4)
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SEO Sai Gr. Hosp.
211566 Points Posted on 19 September 2018

269ST......... over 30K payment !!!

581 Reply
On 19 September 2018 at 14:16
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4 Points Posted on 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
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On 19 September 2018 at 17:16
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12244 Points Posted on 19 September 2018
if you show the mobile as your fixed asset then you cannot claim depreciation on that
35 Reply
On 19 September 2018 at 23:10
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"Do the Right Thing...!!!"
128147 Points Posted on 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.
463 Reply
On 20 September 2018 at 00:05


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