Value of a watch is 2,50,000
if i pay 190000 in cash and 60000 in cheque, will i attract any penalty?
will the seller attract any penalty?
1 Replies
Aman Verma
(209 Points)
Replied 06 September 2020
Sec 40A(3) Any amount in excess of ₹10000 made to a person individually or when aggregated in a single day is not allowed .
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