acceptance of more than Rs.20000/- in cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2010
can we accept more than rs.20000/- in cash against our sales bill in a day?
19 August 2010
Yes you can accept the same no problems for you.
Section 269SS is attracted on acceptance of any loan or deposit.
Section 269SS is attracted on acceptance of any loan or deposit.
19 August 2010
agreed, in case of cash sale , Section 269SS is not apply.
19 August 2010
The person who are purchasing in cash more than 20000 against a single bill , will be diallowed expenses u/s 40A(3) subject to exception rule 6DD.
19 August 2010
Yes... cash in excess of Rs. 20000/- can be accepted against sale.
19 August 2010
agreed, in case of cash sale , Section 269SS is not apply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
