Receipt of bulk amount
This query is : Resolved
27 February 2012
Now I am working in a Construction private limited company. Whether I can Receive an amount of Rs.25,00,000 as cash from a client? Is there any section related to it. Please clarify the doubt as early as possible.
Guest
Guest
(Expert)
27 February 2012
You can receive the amount. But you need to give a stamped receipt for receiving cash.
28 February 2012
Thank You. But then why we generally accept all receipts through Account payee cheque or DD?
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