can a dealer make cash sale of rs 30000 at a time without mentioning the name of purchaser??
9 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 04 April 2018
Yes , u can do that , without mentioning name of purchaser
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 04 April 2018
Yes you can do so upto Rs 200000/-
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 04 April 2018
| Originally posted by : Abhishek Jain | ||
 |
can a dealer make cash sale of rs 30000 at a time without mentioning the name of purchaser?? |  |
Yes... If sale to any URD or Consumers....
Abhishek Jain
(90 Points)
Replied 04 April 2018
thank u all of u..
u r good people..
who knows helping makes feel good..
THE JOY OF GIVING...
CAN I MAKE CASH PAYMENT OF RS 30000 FOR MY PURCHASES FROM A REGISTERED D
u r good people..
who knows helping makes feel good..
THE JOY OF GIVING...
CAN I MAKE CASH PAYMENT OF RS 30000 FOR MY PURCHASES FROM A REGISTERED D
CA Nipun Goyal
(Practicing Chartered Accountant)
(159 Points)
Replied 04 April 2018
Under Income Tax Act 1961, any cash payment exceeding Rs. 10000 is not allowed.
Sonu Maheshwari
(Jr. Account & Finance Manager)
(213 Points)
Replied 04 April 2018
Sir, yaha matter receipt ka h
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 13 April 2018
If you purchase you have to make payment & payment in excess of Rs.10000.- not allowed
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 04 April 2018
Yes if purchaser is ready & not claiming deduction in IT.
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