About cash consideration
This query is : Resolved
23 March 2017
If any person sale fix assets than how much amount he can recd in cash ....which is legal according to law....or he must recd all through cheque....
23 March 2017
As per law currently 3 lakh can be received in cash which will be going to reduced to Rs. 2 lakhs from new financial year, but it is adviseable that cash transaction for sale of fixed asset should be avoided in order to avoid any kind of complications in future.
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