29 June 2016
you can make below Rs. 20000/- in a day to a person. if you doing business then this exp. will not allowed you are paying Rs. 10000/- PM rent then no problem.
29 June 2016
the person receiving deposit in cash will be liable under 269SS. You can pay deposit and rent in cash provided rent payment does not exceed 20000/- if you are using premises for business purpose and claiming expenses. If you use premise for residential purpose then no such limit for rent paid.
CAclubindia
