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Cash accept one party more than 2 lakh

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(Querist)
28 November 2017 dear sir may client has accept cash more than 2 lakh and he deposite cash in every day 18000 Rs whether panalty attrected in such cash.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 November 2017 Penalty attracted for single transaction cash received in instalments.

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