Gudipati Roja (Audit manager) (131 Points)
28 May 2018Hi,
Following transaction has to be reported in Form 61A,
Receipt of cash payment exceeding two lakh rupees for sale, by any person, of goods or services of any nature.
So can u please help me, whether such cash receipt is in a single transaction or aggregate of entire year, and from single party or cash sales from all the parties together in a year??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161002 Points)
Replied 28 May 2018
It is reporting as per Sec. 269ST .......... i.e. Cash receipt of Rs. 2 lakhs or more per day/per person........ for any single bill or event......
i.e. Any person whether proprietary concern (Individual) or any other entity liable for Audit Under section 44AB need to file SFT - 013 (Cash payment for goods and services). Please note that No Aggregation of transactions is to be done.
CAclubindia
