form 61A
This query is : Resolved
Jai Sehgal
(Querist)
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?
24 May 2017
Form 61-A is applicable for reporting of cash transactions.
Jai Sehgal
(Querist)
25 May 2017
but what to be done with mode of transaction?
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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