Money (cash) directly deposited by customers, not by RTGS/ NEFT, in suppliers bank account for payment of invoice or as advance against order - will it be counted as cash receipt or bank transaction ? Entry in books of supplier (assessee) is Bank debit, To sales/ or customer. It does not enter cash book of the assessee. Assessee filing ITR under sec 44AD has to treat it as cash sales or as sales through banking channels, please suggest.. Bank statement mentions cash deposit.
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