we can cash slase above 20000? and if party pay the above
20000 we can give the recipt.

Answers were Sorted based on User's Feedback



we can cash slase above 20000? and if party pay the above 20000 we can give the recipt...

Answer / mari muthu

Above Rs.20000 any transaction you have to motivate to
bank. You Should be give to Cash transaction receipt below
Rs.20000. you have give to some discount to the party.
above Rs.20000 cash Transaction will not accept to the
income Tax. You wil meet to Future inconveniant.

Is This Answer Correct ?    6 Yes 0 No

we can cash slase above 20000? and if party pay the above 20000 we can give the recipt...

Answer / vikas sharma

Above Rs.20000 any transaction you have to motivate to
bank. You Should be give to Cash transaction receipt below
Rs.20000. you have give to some discount to the party.
above Rs.20000 cash Transaction will not accept to the
income Tax. You wil meet to Future inconveniant. but you have received 2 installment give cash receipt

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Taxation Interview Questions

I paid TDS through the bank a/c. but i entered wrong TAN no. instead of HYDC04387F I ENTERED HYDCO4378F ,and pl. tell me what can i do and how can i change TAN no.

5 Answers   Essar International School,


What is the difference between SALES TAX and VAT?,When we'll pay VAT?,and when we'll pay VAT?

1 Answers  


what is central excise tax

0 Answers   Reliance,


I am late for deposit the service tax about 120 days. the amount of S.T. is 48115 What is the Intrest on 48115.

5 Answers  


What is the WCT percentage under which the amount is being deducted in Punjab. Under what Notification and dated when???????????. Serious Senor I need the answer other wise I would not have posed this question; Please send the answer to the mail address.

0 Answers  






Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?

0 Answers  


I we take computer and laptop on rent basis the vendor charge 5% vat bill then we should deduct TDS for them @2% or 1%

1 Answers  


A is a seller from Hyderabad and Bayer is also from Hyderabad. can issue the c form?

2 Answers   CTS,


statutary compliances?

3 Answers   Genpact,


What will be the TDS deducted for Net salary of Rs. 10,500 for month

2 Answers  


WHERE I NEED TO FILE CST PAYMENT? Can i file along with vat returns? what is the due date for every month?

1 Answers   Essar,


Is TCS is collected in respect of Scrape Sales only? If yes then what will Scrape includes?

2 Answers  


Categories