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Filing of preliminary response

This query is : Resolved 

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

25 May 2017 Yes. It is advisable to file No data response.

26 May 2017 thanks for your suggestion


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