Can a company selll its product in cash
This query is : Resolved
yogesh vijaykumar shah
(Querist)
21 June 2012
Please let us know whether there are any limitation as per income tax act for sale in cash. If no, please provide the section and clause with case law.
21 June 2012
There is no such restrictions in IT Act. But it is advisable,to do business through bank for big amount of transactions.
Its ok untill u issue the tax invoice.
Its ok untill u issue the tax invoice.
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