Menu
Cash receipt above rs. 2 laks
cash receipt above Rs. 2 laks for single event ,from multiple persons is penalty apllicable?
Replies (3)
Can any once suggest on this
no penalty on cash receipts more than 2 lakh, but you will have to quote PAN of customer on invoice
abd report this transaction to annual SFT report.
if you fail to do this, you will have to pay penalty
and you should not report receipt from multiple persons rs 200000
abd report this transaction to annual SFT report.
if you fail to do this, you will have to pay penalty
and you should not report receipt from multiple persons rs 200000
Dear Rocky What about the section 269ST and section 271DA
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
