Need help regarding expenses

195 views 11 replies

My uncle sold land and Paid 50000 to adocate in cash  for their service 

 

NOW can i  take cash receipt for old date laster year  like 15 thourand each for 3-4 different date  ? 

Replies (11)
Yes you can if you have proper supporting documents for that
Yes you can if you have proper supporting documents for that
Originally posted by : RatAnu
Yes you can if you have proper supporting documents for that

cash receipt max 20 K  or 10 K  ? 

Prepare cash receipts of Rs. 10000 each
cash receipt max 20 K  or 10 K  ? 
10k
As per this section, receipt by any person of cash payments of Rs 2 lakh 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 is prohibited and would attract a penalty.
Restriction on Capital Expenditure for Business in Cash above Rs. 10000/- [Section 32 of the Income Tax Act, 1961
it's not as p section 32 but as per section 43
Originally posted by : rama krishnan
it's not as p section 32 but as per section 43

adovcate fee is Profectional fees 

actually I replied to Mr. ratanu's view Ms. Riya.. fees paid to advocate is professional fees only.. no doubt in it
Yes you have invoice of that than u can claim exps


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register