28 May 2017
My client is running a milk dairy and receiving daily cash from various consumers totaling to Rs. 3 laksh per day, other than that they don't have any cash receipts, are they liable to file form 61a ? pl clarify
28 May 2017
If receipt for one transaction is more than Rs.200000/- then only you are required to file SFT.
As i assumed that no customer buy from milk dairy more than Rs.200000/- in one day , so yoi are not required to file SFT.
CAclubindia
