07 March 2014
Hi All! We, being in the business of contruction, have received a notice from income Tax Intelligence dept. which directs us to give all details of those parties who have been given a contract of labour/materials amounting to more than 10 Lacs by us. It contains several fileds like name of the party, payment mode, tansaction amount, Transaction Referance Number (max. 10 characters) Can someone please explain what is Transaction Referance number?