Filing of preliminary response
This query is : Resolved
Maheswaran.N
(Querist)
25 May 2017
We are a trading firm liable for Tax Audit. There is no receipt of cash exceeding Rs.2/- lakhs from sale of goods during the FY 2016-17. Are we liable to mandatorily file Preliminary Response peretaining to filing of Statement of Financial Transaction.
Kindly Clarify
Kindly Clarify
CA CS Jainam Shah
(Expert)
25 May 2017
Yes. It is advisable to file No data response.
Maheswaran.N
(Querist)
26 May 2017
thanks for your suggestion
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