Receipt of Cash
Querist : Anonymous
What are the formalities and precautions to be taken while receiving these large cash payments?
Querist : Anonymous
In case of huge sum being received say above Rs. 50,000 then you should ask for a PAN card copy. Not for every receipt.
In case of banquet halls being booked then keep proper records like date, name of person, purpose, address.
Querist : Anonymous
Querist : Anonymous
If nothing is there then take form 60.
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