Debtors money
prasad (government employee) (225 Points)
22 November 2019
can the assessee lender receive cash in excess of 20000 in cah from the debtors
4 Replies
Kapadia Pravin
(17264 Points)
Replied 22 November 2019
I don't think any problem to receive.
in excess of 20000/- means how much ??
plz get PAN xerox of debtor if possible.
Under 269ST maximum transaction value is 2 lakhs in cash.
in excess of 20000/- means how much ??
plz get PAN xerox of debtor if possible.
Under 269ST maximum transaction value is 2 lakhs in cash.
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 22 November 2019
Sorry... I thought it as 200000,
There's no bar in receiving amount in excess of 20000 but less than rs. 2 lacs
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