Limit on Cash Receipt

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..... Limit on Cash Receipt
Query (Issue) Started By: - sanjay misra Dated:- 24-9-2011 Last Reply Date:- 24-9-2011 Income Tax
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Income Tax
Dear Sir. We are company .What would be the .....

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..... income Tax ruling for the following. 1 we have receipt cash of Rs 100000/- on a single day from a single customers on account of sale bill due. 2 One of our customer has directly deposited cash Rs .....

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..... 100000 into our bank account on account of sale bill due for payment Would there be any difficulty in assessment of income tax case. Thanks Reply By Ramesh Das: The Reply: There would not be any f .....

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..... oreseeable difficulty, as you have received and not "paid" cash. However, you should obtain a confirmation of account from the customer to confirm the fact and put on record irrefutable third party ev .....

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..... idence. Regards
Discussion Forum - Knowledge Sharing .....

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