Cash receipt in excess of 20000/-
This query is : Resolved
11 August 2023
Dear sir,
Kindly advise, can we collect, cash in excess of 20000/- from sales of goods and service.
if we collect. whether it will be reported in 3CD.
Kindly advise, can we collect, cash in excess of 20000/- from sales of goods and service.
if we collect. whether it will be reported in 3CD.
11 August 2023
You can collect less than 2 lacs cash for sale. Collection of cash 2 lacs and above will be reported in 3CD.
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