20 July 2023
By whatever mode you receive the amount after filing return; the transaction is being treated as 'cash sales' while filing return u/s. 44AD IT act.
20 July 2023
Had one more query if any advance payment rec'd from client for project & the project gets delay due to some reasons for years. Should we treat as gross receipts in the same year u/s 44AD or when the project gets complete after raising the invoice
CAclubindia
