Advance adjustment
Jamal Uddin Siddiqui (350 Points)
12 March 2020
if I give Rs 200000.00 as a advance or loan to any body and he want to return in cash. can I acepect or not
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 March 2020
Yes... But, 2lakhs is restricted under Income tax act.
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