Regarding cash deposit receipt against sale of goods
This query is : Resolved
saket kumar rastogi
(Querist)
26 November 2016
Dear Sir ,
we are Distributor / dealer/whole seller
Pl. let me know about Cash received against our pending bills ,single receipt of whole bill amount can be
issued or several cash receipt should be issued against the Bill in several dates. ( Bill amount
may be small amount or may be of big amount. ) if there is any restrictions for issue of cash payment received
against sale of goods
( As per provision of IT TCS will be deducted as per rule after 01.06.2016 )
Kindly advise me
Thanking you
Saket kumar rastogi
we are Distributor / dealer/whole seller
Pl. let me know about Cash received against our pending bills ,single receipt of whole bill amount can be
issued or several cash receipt should be issued against the Bill in several dates. ( Bill amount
may be small amount or may be of big amount. ) if there is any restrictions for issue of cash payment received
against sale of goods
( As per provision of IT TCS will be deducted as per rule after 01.06.2016 )
Kindly advise me
Thanking you
Saket kumar rastogi
Shyam Lal Naik
(Expert)
27 November 2016
There is no issue in case of seller. Expenses may be disallowed in the hand of purchaser, in case the amount exceeds Rs 20k
Dhirajlal Rambhia
(Expert)
20 November 2021
For sellers sec. 269ST to be taken care of.......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
