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cash sales

Vipul Rupani (7 Points)

20 August 2017

how much cash sale is allowed daily

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sunil kumar sharma (jr accountant) (708 Points)
Replied 20 August 2017

no limit in gst but income tax not allow 2.5 lkh

sunil kumar sharma (jr accountant) (708 Points)
Replied 20 August 2017

above

Tushar Tulsian (124 Points)
Replied 20 August 2017

Under which section I.T not allow it sir please tell

sunil kumar sharma (jr accountant) (708 Points)
Replied 20 August 2017

tushar please read section 269st income tax

Tushar Tulsian (124 Points)
Replied 20 August 2017

Section 269 st say u cant do cash sale more than rs 200000 to one person in a day. There is no such limit for cash sales in a day U can do any amount of cash sales but less that rs 2 lakh per person

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