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Cash sales amount allow or disallow

This query is : Resolved 
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(Querist)
04 September 2012 Dear sir,

Please tell me cash sales amounts we received more than 20,000 limit it is allowed or disallowed under income tax system suppose we received 86500/- amount against sales by a single person.

Regards
Ramesha.m
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Guest (Expert)
04 September 2012 The disallowance u/s 40 A 3 is for expenses paid and not for income accounted. In the above case the disallowance will be made in books of the person making the payment.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 October 2021 No problem for seller to receive the amount.
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