if I have to two register firm one for job work and second for good sale.
I need cash in job work firm. can I transfer one cash entry of RS 3000000.00 from sale firm to job work firm.
No GST restriction on cash transfer.......
As per Income tax act, transfer the funds through banking mode, to avoid any litigation.
Are your books required to be audited under sec 44AB of IT act?
As your accounts are required to be autheticise by an auditor, its advisable to kindly follow his advise.
O P Bagla & Co LLP
New Delhi
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Karia Overseas
Ahmedabad
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Rahul Dang & Associates-Chartered Accountants
Pune
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CAclubindia
