Avoid Cash Receipts and Cash Payments – Social Message by Finsys ERP Team

Avoid Cash Receipts and Cash Payments – Social Message by Finsys ERP Team

Avoid Cash Receipts and Cash Payments – Social Message by Finsys ERP Team

Suggestion : Whether Covid or Non Covid times, avoid Cash payments

Don’t pay in cash over Rs 10000,


*even to a Hospital* ….If you feel it is a “business expense”


Similarly, Even hospitals should not “receive cash” above limits. ( except during 1st April 2021 to 31-May-2021 ) .. .see link below for details


Even Construction costs cannot be given in Cash


 


 

*Even 80G Donation* is not valid in income tax, if paid in CASH.

Source :

https://mlgassociates.in/index.php/avoid-cash-payments-income-tax-updates/


Socio Economic Message by
Finsys ERP Team,

https://www.finsys.co.in/news