CASH SALE OF CAPITAL GOODS

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7 Points Posted on 28 August 2020
Can we sale car in cash ?
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On 28 August 2020 at 22:55 Report
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This discussion clarifies the rules around selling capital goods, specifically a car, for cash. It confirms that cash sales are permissible, but with a strict limit of Rs. 2,00,000/- per transaction.

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Tax and Business Consultant
11616 Points Posted on 28 August 2020
Yes, you can....but for cash less than 2,00,000/-
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On 28 August 2020 at 23:04
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Practising CA
8954 Points Posted on 29 August 2020
Yes. Upto a value of Rs. 2 lakhs only
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On 29 August 2020 at 01:03

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