IF CO.HAS ACCETED PUBLIC DEOSITS OF RS.20000/- OR MORE THAN IT IS NECESSARY TO SHOW THE SAME UNDER 269SS & T IN TAX AUDIT DETAILS PL.CLARIFY
2 Replies
vijaykumar
(Student)
(49 Points)
Replied 26 September 2008
Yes, it should apply the act does not differencicate for comapany and others, Hence if any paement exceeds 20,000 it should be paid by crossed cheque / DD / TT or through any bank transctions only
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