about cash receipt
This query is : Open
05 April 2017
dear experts
can u pls tell me a wholesaler trading firm . what is limit for cash transtion and what is limit for cash receipt for debtors . present time we have made a receipt for 20000 in one day is it true or any changes pls help
06 April 2017
With respect to the cash transactions, it has been reduced from INR 20,000 to INR 10,000. For transactions of capital nature like the purchase of property, it has been reduced from INR 300000 to INR 200000
06 April 2017
as per 269 St we cannot paid above 10000 in cash ....now in wholesaler trading firm freight on sugar purchase freight amount is 37000 what we do
06 April 2017
You need to distribute the bill among various parties or make the payment through cheque / RTGS / NEFT etc.
06 April 2017
no Mam I am asking about payable freight on purchase which amount is 37000. before we paid in cash now what is 269 st
07 April 2017
mem what can we do
07 April 2017
Kindly give the party cheque / RTGS to avoid further ligitation
Message likes :
1 times
07 April 2017
Dear Mam we have a trading firm. we sell edible product . Till present time we made a recipt upto 20000 against sold goods from our debtors now new rule is upto 10000 .but a doubt what is limit for gross turnover in a f.y. one party in cash receipt for example we sold a goods amount is 35600 on 1.4.2016 to raghav trading company . on 4 April he come and pay cash then we made 2 receipt one 20000 and one remaining amount now what we do . please tell me detailed so much confusions please solve it fast
Message likes :
1 times
07 April 2017
sorry in above query
07 April 2017
wrong date entered that is 1 april 2017
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- FORM 141 SDV query
- Invertaded duty struture
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
