MR X HAS SOLD GOODS TO MR Y. As follow and received payment in cash
1. 01/04/2017 BILL AMT 85000 PAYMENT REC. 85000 cash
2. 03 /04/2017 bill amount 150000 payment received 150000 cash
3. 05/04/ 2017 bill amount 180000 paynent recuved
180000 cash
Whether the above trasaction attracts the provision of cash transaction and penalty attracts
Becasue its not one day transaction
CAclubindia
