WE ARE DEALING CEMENT BUSINESS, MR. X PURCHASED RS.15,00,000 AMOUNT OF CEMENTS IN A FY 2017-2018 BY WAY OF CASH ON VARIOUS DATES. IS IT AFFECT THE SEC.269ST OF THE IT ACT'2018.
C R RADHAKRISHNAN (ACCOUNTANT) (210 Points)
01 November 2018WE ARE DEALING CEMENT BUSINESS, MR. X PURCHASED RS.15,00,000 AMOUNT OF CEMENTS IN A FY 2017-2018 BY WAY OF CASH ON VARIOUS DATES. IS IT AFFECT THE SEC.269ST OF THE IT ACT'2018.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160911 Points)
Replied 01 November 2018
No' if individual bill/s and payment received on each date (aggregate on each date) had been below 2 lakhs amount......
C R RADHAKRISHNAN
(ACCOUNTANT)
(210 Points)
Replied 01 November 2018
we received cash from x daily Rs.10000/= on various dates by cash its total value exceed Rs.9,00,000/= in a year it is correct or not
Mayur Patil
(Article)
(1276 Points)
Replied 01 November 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160911 Points)
Replied 01 November 2018
| Originally posted by : C R RADHAKRISHNAN | ||
 |
we received cash from x daily Rs.10000/= on various dates by cash its total value exceed Rs.9,00,000/= in a year it is correct or not |  |
Are the receipts against single invoice?
If not, any single invoice was of Rs. 2.00 lakhs or more?
Bharat Jha
(Manager - Accounts & Finance)
(105 Points)
Replied 01 November 2018
CAclubindia
