PAYMENTS CASH MODE ALLOWED IN IT ACT

279 views 2 replies

A Doctor running a private nursing home health services provided and working different doctors.example : health services  fees collections amount rs:20 lacs for  different doctors after sanction amount rs: 19 lacs  credited to nursing home bank account credit.

My doubts:

1. fees collections amount share amounts different doctors cash mode allowed in it act.(bank channel mode compulsory)sec 40a(3) applicable

2.food expenses and travelling charges pay amount cash mode allowed in it act.

Replies (2)

1. Not allowed by cash mode.

2.  Any bill less than 10000/-, it is allowed,

No cash mode is allowed
if the amount in bill not exceed 10000 cash mode will be permissible

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details