Cash payment above rs 50,000/-
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2013
if i am purchasing a bike or an electronic item worth Rs 50,000/- or more & i m making the payment in cash ...will there be any problem & will i have to quote my pan no...as i am not filing my income tax return is there any chance that i get an order from ITO ??? please help
03 November 2013
You can purchase any asset in cash no problem with that..
However, Section 40{a}3 is not attract...
But you have to give your PAN details and there is no problem with that...
Cheers...
Happy Deepawali....
However, Section 40{a}3 is not attract...
But you have to give your PAN details and there is no problem with that...
Cheers...
Happy Deepawali....
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2013
thanks brother & happy diwali to you too.
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