cash purchase
This query is : Resolved
SHRUTI GUPTA
(Querist)
15 September 2010
A liqour thekedaar puchases liqour and make all the payment in cash( more than 20000/-) and for tat puchases tcs is also deducted.
now my query is whether the cash purchase of small thekedaar from big liqour thekedaar is allowed...?
now my query is whether the cash purchase of small thekedaar from big liqour thekedaar is allowed...?
CMA Ramesh Krishnan
(Expert)
15 September 2010
yes. Applicable, no such spefic exemption for these transactions u/s.40A(3)
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