Sales in cash
This query is : Resolved
Rakesh Sharma
(Querist)
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.
Is there any limitation?
Please advise me sir.
20 February 2015
then such exp of purchase shall be disallowed u/s 40A(3)
Rakesh Sharma
(Querist)
20 February 2015
Sir, disallowed for seller or buyer.
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