Debtors money
prasad (government employee) (225 Points)
22 November 2019
can the assessee lender receive cash in excess of 20000 in cah from the debtors
4 Replies
Kapadia Pravin
(17264 Points)
Replied 22 November 2019
I don't think any problem to receive.
in excess of 20000/- means how much ??
plz get PAN xerox of debtor if possible.
Under 269ST maximum transaction value is 2 lakhs in cash.
in excess of 20000/- means how much ??
plz get PAN xerox of debtor if possible.
Under 269ST maximum transaction value is 2 lakhs in cash.
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 22 November 2019
Sorry... I thought it as 200000,
There's no bar in receiving amount in excess of 20000 but less than rs. 2 lacs
Recent Topics
- LOAN TAKEN BY A PROPRIETORSHIP FIRM
- Form 27Q TDS Return
- How to remove Schedule S(Salaries) Block2 in salar
- TDS or Tax on Defi on Binance - Crypto - (USDT Tet
- GST ITC to Garment dealers.
- Eport of goods
- Stamp Duty On Transfer
- Advice on Investment of Retirement Corpus
- Nature of business activities under GST registrati
- Tally Vouchers Entry for Commission based services
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
