Form 61a

Tax queries 1140 views 1 replies

please clarify it is aggregate Receipts of rs. 200000/- in a year or single bill exceeding rs. 200000/- amount for filing Form 61A

Replies (1)

in respect of Sl. # 11 of Rule 114E ( receipt of cash on sale of goods and service), which of the following need to be reported:

1) 2 invoice of Rs. 1.50.000 each have been collected in cash.

2) 1 invoice of Rs. 3,00,000 is realised in cash at 3 different dates.

3) 1 invoice of Rs. 3,00,000 is realised half in cash and half through cheque.

The notification came in December said the transaction need not be aggregated. But my doubt still remains , is it the Sale invoice or the total Receipt per day from a party which is intended as “the transaction”.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register