Can a person receive rent in cash upto Rs. 200000.
is their any other compliance formalities to be completed in this case.
Thanks & Regards
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Rent : Cash
Replies (2)
The restriction of receipt of money in Cash of Rs 2 Lakh or above in cash is applicable irrespective of whether it is for personal / business purpose, capital or revenue in nature, tax-free or taxable income.
Dear Roshan Kumar ji
The restriction isn't there for personal purposes. please share section reference for my knowledge.
The restriction isn't there for personal purposes. please share section reference for my knowledge.
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