Tax payment in cash receipt

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TAX PRACTITIONER
293 Points Posted on 04 March 2023
Respected sir, Can Consultant take Cash from client for tax payment.& any limit for this transaction.
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On 04 March 2023 at 16:42 Report
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Quick Summary
This discussion addresses whether consultants can accept cash payments from clients for tax purposes. While it is permissible, there's a strict limit of Rs. 10,000 per transaction. However, it's strongly advised to avoid cash transactions altogether and opt for bank transfers instead to prevent any potential issues.

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SEO Sai Gr. Hosp.
212444 Points Posted on 04 March 2023

Yes, but not more than Rs. 10,000/-

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On 04 March 2023 at 17:38
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Profession Business
28246 Points Posted on 04 March 2023
Better to avert
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On 04 March 2023 at 20:27
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banglore
1496 Points Posted on 05 March 2023
It is best to avoid such and take through bank
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On 05 March 2023 at 21:27
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Software Development Manager
22 Points Posted on 06 March 2023

Consultant can take cash from client for tax payment. However, you can get no more than Rs. 10,000/- cubes 2048. However, this situation should be prevented.

 

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On 06 March 2023 at 14:04

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