HI FRIENDS
TELL ME , IS HUGE AMOUNT OF CASH DEPOSIT AND WITHDRAWAL NORMAL IN A BUSINESS TRANSACTION?
THANK YOU.
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cash accounting
Replies (2)
Based on size of business and transaction, it will be normal..!!
While from auditing point of view it will lead to extensive chesking for the reasons..!!
While from taxation point of view, it will attract TDS provisions and may not be allowable if TDS is not deducted...!!!
Smile On...!!
| Originally posted by : P IMRAN KHAN | ||
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Based on size of business and transaction, it will be normal..!! While from auditing point of view it will lead to extensive chesking for the reasons..!! While from taxation point of view, it will attract TDS provisions and may not be allowable if TDS is not deducted...!!! Smile On...!! |
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