IF THE ASSESSEE RUNNING AGENCY HE RECEIVED CASH NEARLY Rs.5 CRORES (INCLUDING BANNED CURRENCY AND UN BANNED CURRENCY) FROM DIFFERENT PARTIES AGINST HIS CREDIT SALES FOR THE PERIOD 9TH NOV, TO 30TH DECE, THE ASSESSEE SHOULD SUBMITTED ALL THE DETAILS OF CASH COLLECTIONS??? THERE IS NEARLY 15000 NOS OF RECEIPTS ARE THERE PLS TELL ME SOLUTION.
" THE ASSESSEE SHOULD SUBMITTED ALL THE DETAILS OF CASH COLLECTIONS??? THERE IS NEARLY 15000 NOS OF RECEIPTS ARE THERE PLS TELL ME SOLUTION."
Yes. But you can segregate the challans of old & new currency deposits. Segregate the purchasers based on identification and reply giving details of old currency collections seperately, while for new currency in single entry.
Make cash flow statement with other details and keep ready for more interrogation/verification for such a large sum.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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