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Cash receipt of rent

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(Querist)
04 July 2024 I have given a godown on rent to a party.The party wants to give Rs33000/ rent in cash to me every month. Can I take rent in cash without any issues from income tax? Please clarify?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 July 2024 No. Take it by banking channel. Ask him to deduct TDS.
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ARUN GUPTA

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ARUN GUPTA (Querist)
04 July 2024 How much cash receipt is permitted in income tax laws?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 July 2024 Anything below Rs. 2 lakhs per annum.

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