Cash transactions allowed


22 July 2021 Sir,
Sec 44ad it returns filed jewellery business and pawn brokeing business person money (loan)paid to customer rs:1 lacs through on cash mode.
Question:
1.money pay to customer rs:1 lacs cash mode allowed and cash transactions limit in it act.

22 July 2021 Yes, it's Allowed, less than 2 lacs.

23 July 2021 As per Sec 269T , you can't pay a sum more than Rs. 20000 in respect of loan.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries