Pathak Harsha (Accounts) (36 Points)
30 April 2017Dear Sir,
I am doing business with 4 different companies and depositing cash in company account regularly below 2 lakh which is approximate total 7-8 lakh.for all companies. Is it right or any controversy?
Please advice Can I deposit in cash 2 lakh only for all companyaccounts or 2 lakh per company account.
Your kind cooperation in above shall be highly appreciated.
Regards
Hari Shanker Pathak
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182352 Points)
Replied 30 April 2017
" Please advice Can I deposit in cash 2 lakh only for all companyaccounts or 2 lakh per company account."
If all the companies are different identity, issuing separate bills, each/aggregate below 2 lakhs per day, than no problem to deposit 2 lakhs per day per bill/company.
Pathak Harsha
(Accounts)
(36 Points)
Replied 30 April 2017
Thank you for your prompt reply. I can deposit cash below 2 lakh in each companyper day to meet our requirements. There will be no issue.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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