Restiction on cash receipt more than 20000/-
This query is : Resolved
07 August 2009
Is there any restiction on cash receipt in excess of Rs 20000/- under income tax act.
Thanks
Ashok Sharma
Thanks
Ashok Sharma
07 August 2009
No. There is no restriction on the cash receipt over Rs. 20,000/- The dis-allowance of expenditure is not applicable for receipts.
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