PAYMENTS CASH MODE ALLOWED IN IT ACT

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

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