Business rental advance cash mode limit
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(Querist)
25 December 2021
Sir,
One of the it person rs:10 lacs rent advance balance amount show in books as on Dt:31-03-21.if assessee rs:1 lacs *10 different dates total rs:10 lacs payment through on cash mode.
Question:
1.assessee payment cash mode allowed in it act
2.payment cash mode limit in it act.
One of the it person rs:10 lacs rent advance balance amount show in books as on Dt:31-03-21.if assessee rs:1 lacs *10 different dates total rs:10 lacs payment through on cash mode.
Question:
1.assessee payment cash mode allowed in it act
2.payment cash mode limit in it act.
CA R SEETHARAMAN
(Expert)
25 December 2021
1 and 2 allowed only less than 2 lacs cash.
Message likes :
1 times
Kollipara Sundaraiah
(Querist)
26 December 2021
sir, rs:10,000/- per day cash mode repayment total rs:10 lacs accepted
CA R SEETHARAMAN
(Expert)
26 December 2021
Not allowed, as it's a single event.
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