form 61A

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Jai Sehgal (Querist)
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23 May 2017 Form 61A is to be filed if there is cash sales or we'll hav to declare otherwise too?? As the format is having a column of mode of payment So if there is requirement of cash sales only Then there is no logic to ask for the mode of payment Anyone can help?

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)
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24 May 2017 Form 61-A is applicable for reporting of cash transactions.

Jai Sehgal

Jai Sehgal (Querist)
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25 May 2017 but what to be done with mode of transaction?

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)
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25 May 2017 The mode of transaction is available in menu. For further clarity, request you to read Rule 114 E which specifically states the nature and value of transaction which is to be reported and the reporting person who has to report it.

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