What are the consequence if:-
A food catering business for which Section 44AD is applicable accepts in cash of Rs 2 lakh and gives a invoice/statement/bill for the same to the service recipient.
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Accepting Rs 2 lakh by a 44AD business
Replies (1)
Section 269ST of IT act gets attracted....
Sec 44AD of the act do not override sec. 269ST..
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