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Cash sales

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2014 SIR

PLEASE TELL ME IF I HAVE TAKEN RS 250000/- AS CASH IN MY BOOK AS ADVANCE FROM THE PARTY IN A SINGLE DAY ,WILL IT BE PERMISSIBLE OR NOT AND WHAT IS THE LIMIT FOR CASH SALES IN A DAY, PLEASE TELL.

THANKS & RGDS

MUKESH KUMAR
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
18 February 2014 Restriction on cash dealing is only for EXPENSES.

There is NO restriction on cash SALES. You can make any amount of cash sales.
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