My uncle sold land and Paid 50000 to adocate in cash for their service
NOW can i take cash receipt for old date laster year like 15 thourand each for 3-4 different date ?
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Need help regarding expenses
Replies (11)
Yes you can if you have proper supporting documents for that
Yes you can if you have proper supporting documents for that
| Originally posted by : RatAnu | ||
 |
Yes you can if you have proper supporting documents for that |  |
cash receipt max 20 K or 10 K ?
Prepare cash receipts of Rs. 10000 each
cash receipt max 20 K or 10 K ?
10k
10k
As per this section, receipt by any person of cash payments of Rs 2 lakh or more (a) in aggregate from a person in a day; or (b) in respect of a single transaction; or (c) in respect of transactions relating to one event or occasion from a person is prohibited and would attract a penalty.
Restriction on Capital Expenditure for Business in Cash above Rs. 10000/- [Section 32 of the Income Tax Act, 1961
it's not as p section 32 but as per section 43
| Originally posted by : rama krishnan | ||
|
it's not as p section 32 but as per section 43 | |
adovcate fee is Profectional fees
actually I replied to Mr. ratanu's view Ms. Riya.. fees paid to advocate is professional fees only.. no doubt in it
Yes you have invoice of that than u can claim exps
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