what is the legal aspect of transacting cash of more then one lakh
what are the rules
will i violate any law if i do such transaction
s..i..n..g..h.. (member) 10 November 2010
what is the legal aspect of transacting cash of more then one lakh
what are the rules
will i violate any law if i do such transaction
layeeq Khan (Law Student) 11 November 2010
why? you have black money there? :P
Democratic Indian (n/a) 12 November 2010
s..i..n..g..h.. (member) 13 November 2010
actually the person who is selling is insisting for cash
Satya Narayana Palukuru (Advocates & Mediators.) 13 November 2010
Income tax laws says more than Rs 20000/- transaction you should route through bank or cheque.
verfy with your tax consultant
~~~~~Rahim (Entrepreneur) 16 November 2010
One can pay upto 20000 per day without routing through Bank A/C. Correct me if i am mistaken.
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