Pls let me know if there is any restriction in paying excise/customs duty by cash in excess of Rs.50,000/- per day as State Bank of India is reluctant to accept the same.
Menu
Duty Payments in Cash
Replies (1)
cash transaction in bank in excess to 50000 is subject to PAN submission and Cash Transaction Charges, its not related to customs or govt departments, u can make a Bankers Cheque and submit the same with challan for payment to bank counter, they will accept gladly.
Recent Topic
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
Related Topics
CAclubindia
