05 April 2017
dear experts
can u pls tell me a wholesaler trading firm . what is limit for cash transtion and what is limit for cash receipt for debtors . present time we have made a receipt for 20000 in one day is it true or any changes pls help
06 April 2017
With respect to the cash transactions, it has been reduced from INR 20,000 to INR 10,000. For transactions of capital nature like the purchase of property, it has been reduced from INR 300000 to INR 200000
06 April 2017
as per 269 St we cannot paid above 10000 in cash ....now in wholesaler trading firm freight on sugar purchase freight amount is 37000 what we do
07 April 2017
Dear Mam we have a trading firm. we sell edible product . Till present time we made a recipt upto 20000 against sold goods from our debtors now new rule is upto 10000 .but a doubt what is limit for gross turnover in a f.y. one party in cash receipt for example we sold a goods amount is 35600 on 1.4.2016 to raghav trading company . on 4 April he come and pay cash then we made 2 receipt one 20000 and one remaining amount now what we do . please tell me detailed so much confusions please solve it fast
CAclubindia
