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(Querist)
24 June 2010 deposit accepted by a company can pay interest accrued on it in cash ?

if amount is Rs 4600 per month.the assess is a sr.citizen who filed form 15g with the co.,
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 June 2010 Since Amount is less than Rs. 20,000/- it can be paid in cash.

However do take a receipt for payment of the same each month for your reference.

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