Share application money can be received in cash, is there any tax implication, please clarify.
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Share Application money
Replies (3)
You can receive. But make sure you are able to prove all transactions in case of assessment of company.
Share Application money can be received in cash also. There is not any bar on receiving share application money in cash. However the company must have the valid identity proof of the share holders.
Thankyou all..........
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