Menu
cash collection against sales of good
can we collect cash against sale of goods
Replies (4)
Yes, but the invoice should be below INR. 2 lakh.
Yes,but cash below 2 Lakh
yes
But as per income tax less than 2lakh
But as per income tax less than 2lakh
Yes ,you can collect cash up to rs 2 Lakh. but regular practice collect amount through bank .
Recent Threads
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
Related Threads
CAclubindia
