CA
47 Points
Joined April 2008
In case of SFT reporting for Tax audit asseese, whether Rs.200000/- limit for cash receipt is for single day or the aggregate cash receipt during the entire Fin. Year from a single person.
Suppose the credit sale transaction is of Rs.500000/- and cash receipt is Rs.100000/- on 5 different dates; then will SFT reporting be applicable.