banner_ad

PAYMENTS CASH MODE ALLOWED IN IT ACT

Others 246 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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details