Sales in cash

This query is : Resolved 

20 February 2015 Proprietor concern (Turnover above 1 Cr.) can sales in cash as a person wants to purchase in cash around Rs. 50000/-.

Is there any limitation?

Please advise me sir.

20 February 2015 then such exp of purchase shall be disallowed u/s 40A(3)

20 February 2015 Sir, disallowed for seller or buyer.


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