urgent help
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2011
is advance payment of50000 in cash receipt for sale of goods attract section 269SS/269T of Income Tax Act?
11 June 2011
NO THE TRANSACTION IS OUT OF THE SECTION 269SS?269T PURVIEW
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
11 June 2011
Dear Manoj,
I have doubt so please brief the reasons for which said transaction is out of purview.
With regards,
I have doubt so please brief the reasons for which said transaction is out of purview.
With regards,
11 June 2011
this is as per ICAI clarification
see Guidance Note on tax audit issued by ICAI
see Guidance Note on tax audit issued by ICAI
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