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61 a reporting

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accountant
953 Points Posted on 22 May 2017
we have issued 3 bills of rs. 1 lakh to a party on different dates and received 20000 on different dates (total rs. 300000) . should we report this in form 61a
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On 22 May 2017 at 17:19 Report
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SEO Sai Gr. Hosp.
211560 Points Posted on 22 May 2017

No

 

581 Reply
On 22 May 2017 at 17:46
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student
38 Points Posted on 22 May 2017

For ITDREIN Registration before filing Form 61A, Is an individual who is required to be audited u/s 44AB of Income Tax Act, also required to add authorised person.

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On 22 May 2017 at 18:34
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Job
1865 Points Posted on 22 May 2017
CBDT has already clarified that the Cash limit of Rs. 200000 applies for each transaction and not on aggregate. Since in your case each bill or transactìon is less than 200000 no reporting requirement is there.
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On 22 May 2017 at 21:42


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