Form 61 a cash sale receipt more than 200000
This query is : Open
27 May 2017
if a person Sold goods to a party of Rs. 300000 in a year and receipt is in mix i.e. 75000 by way of Cheque and 225000 in form of cash in installments like 150000 and 75000 so whether the person is liable to report under SFT (Statement of Financial Transaction). Please reply its urgent.
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27 May 2017
Yes he is required to file SFT as cash amt is in respect of one transaction.
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