Cash transetion year 2017-2018

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 April 2017 my client automobile dealer ,we sold two wheelers by cash but after Govt introduce new coloum finance act year 2017-2018 limit 200000/-
now sir my question how can he will sale vehicle, maxim customer buying by cash price of 50000 to 60000 onward. now my dealer expect full amt cash or partly or by cheque/online
please sir give a solution for above quaery

05 April 2017 50 thousand or 60 thousand should not be a problem as per the new provisions.....Please clarify your doubt.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 April 2017 he will selling vehicle by cash ? (each vehicle price 55000 to 60000 )

07 April 2017 for each sale INR200,000 limit is specified. So what is your problem?


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Follow us


Answer Query