Anoop Jain 28 February 2021
Sourav (Student) 28 February 2021
anil jain (Partner) 02 March 2021
Yes, you can accept, restriction is on expenditure not receipt up to 200000.
Anil Rawat (Manager Accounts & Taxation) 02 March 2021
No person shall receive an amount of Rs 2,00,000 or more in aggregate from a person in a day, or in respect of a single transaction, or in respect of transactions relating to one event or occasion from a person, otherwise by an account payee cheque or an account payer bank draft or use of electronic clearing system through a bank account.
Accordingly, if you receive 12000 on daily basis then there is no issue as per my understanding.
Stay updated with latest Discussion!
Member Strength 33,70,156 and growing..
CAclubindia
