TaxTMI 
TaxTMI 
Limit on Cash Receipt
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....imit on Cash Receipt<br> Query (Issue) Started By: - sanjay misra Dated:- 24-9-2011 Last Reply Date:- 24-9-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>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 1....
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....00000 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 fo....
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....reseeable 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 evi....
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....dence. Regards<br> Discussion Forum - Knowledge Sharing ....