Can a company selll its product in cash

This query is : Resolved 

21 June 2012 Please let us know whether there are any limitation as per income tax act for sale in cash. If no, please provide the section and clause with case law.

21 June 2012 There is no such restrictions in IT Act. But it is advisable,to do business through bank for big amount of transactions.
Its ok untill u issue the tax invoice.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries