Cash Sales of Jewellery above Rs 20,000.00
This query is : Resolved
29 January 2010
Dear Sir,
My client is in the business of Reseller of Jewellery(having Jewellery Showroom).He sales Jewellery in cash as well as in cheque.I want to know can he sell Jewellery in cash of above Rs 20,000.00 per transaction and what documents we shoud keep with us of buyer(Customer) if there is an inquiry about these transactions in future by Income tax department
U B Mittal
My client is in the business of Reseller of Jewellery(having Jewellery Showroom).He sales Jewellery in cash as well as in cheque.I want to know can he sell Jewellery in cash of above Rs 20,000.00 per transaction and what documents we shoud keep with us of buyer(Customer) if there is an inquiry about these transactions in future by Income tax department
U B Mittal
30 January 2010
u can sale jewellery in cash of above Rs. 20000 in normal course of business
30 January 2010
yes agree. give bill to customers above rs.20,000/- in cash or cheque as normal transation.
30 January 2010
agree
30 January 2010
Agree you can sell in cash even then sell amount is more then Rs.20000
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Specified Profession
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
