Cash transaction
ajeet singh (1392 Points)
19 September 2018
purchase a mobile of rs 30000 by cash payment is it contravention of 269ST of it act
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(181639 Points)
Replied 19 September 2018
269ST......... over 30K payment !!!
Gautam Chauhan
(4 Points)
Replied 19 September 2018
The burden of compliance is put on the receiver of cash and not the person who makes the payment
so you don't need to worry
so you don't need to worry
rama krishnan
(12239 Points)
Replied 19 September 2018
if you show the mobile as your fixed asset then you cannot claim depreciation on that
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 September 2018
@ Gautam Chauhan.,
Receiver of Cash is not levied upto 199,999...
Buyer side is levied above 10k cash expenses...
@ Ajit Singh.,
As per Your query the Expense is disallowed and You can't claim depreciation.
Receiver of Cash is not levied upto 199,999...
Buyer side is levied above 10k cash expenses...
@ Ajit Singh.,
As per Your query the Expense is disallowed and You can't claim depreciation.
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