07 April 2017
Respected Members If Person × sold goods to mr x in different bills all below 2 lacs of total 10 lakhs on different dates and received payment in cash on different days below 2 lakhs each day then this section apply or not
07 April 2017
Will not apply. Reason is - * Receipt of less than Rs 2 Lakhs from a person in a day in the aggregate. * Receipt of less than Rs 2 Lakhs in respect of a single transaction.
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