Advance fees cash receipts from patients limit per day
kollipara sundaraiah (B.com) (2954 Points)
23 January 2022question:
advance fees from patients cash mode limit per day (rs:2 lacs or rs:10,000/-)
kollipara sundaraiah (B.com) (2954 Points)
23 January 2022
Pushkar Singh
(4 Points)
Replied 23 January 2022
sabyasachi mukherjee
(27117 Points)
Replied 23 January 2022
Pushkar Singh
(4 Points)
Replied 23 January 2022
anil jain
(Partner)
(1072 Points)
Replied 24 January 2022
section is given below
'269ST. Mode of undertaking transactions.—No person shall receive an amount of two lakh rupees or more—
(a) | in aggregate from a person in a day; or | |
(b) | in respect of a single transaction; or | |
(c) | in respect of transactions relating to one event or occasion from a person, |
otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:
Therefor considering clause c, limit must be construed for a patient being an event.
sabyasachi mukherjee
(27117 Points)
Replied 31 January 2022
Live class on PF & ESI Enrollment & Returns Filing(with recording)