Regarding partly payment

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744 Points Posted on 23 May 2023
sale bill name of a total amount 33000 thousand dated 01-04-2023

payment received from a details

5.4.23
payment received through imps
16000

6.4.23
8000 recived in cash

8.4.23
9000 received in cash

is there any problem or not
according to income tax

thanks in advance
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On 23 May 2023 at 17:06 Report
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Quick Summary
This discussion clarifies whether receiving payments in instalments for a sales bill totalling £33,000 is problematic from an income tax perspective. The consensus is that as long as the payments are received on different dates, there are no issues. However, it's generally advisable to receive payments via crossed account payee cheques or digital transfers for better record-keeping.

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Pivate
1492 Points Posted on 23 May 2023
No issues
1 Reply
On 23 May 2023 at 17:22
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Profession
28261 Points Posted on 24 May 2023
Rs.33000 sale bill raised . It is advisable to pay in crossed account payee chq or digital transfer. But if it is on different dates it is ok.
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On 24 May 2023 at 06:35

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