17 May 2008
I m in construction industry.we receive advance against booking from customer on booking a space on our Mall.Is there any contravention of Law ,If any party directly deposit booking amount in company`s bank account.we obtain all documents eg PAN card etc.
17 May 2008
as the entry & payment thereto are according to the policies & procedures therefore valid. The amount deposited as above shall be indicated in the sales deed of the shop etc.
CAclubindia
