Cash sale more than rs 10.00 lac
This query is : Resolved
10 August 2011
one assessee made a sale of Rs 10.00 lac as cash sale
wether assessing office can ask for verification of person to whom asssessee has sold as cash sale
whether assessee is under an obligation to obtain name address and pan of the person to whom he has sold goods more than rs 10.00 lac in cash (In income Tax)
wether assessing office can ask for verification of person to whom asssessee has sold as cash sale
whether assessee is under an obligation to obtain name address and pan of the person to whom he has sold goods more than rs 10.00 lac in cash (In income Tax)
10 August 2011
No need to obtain name address and pan of the person to whom he has sold goods more than Rs. 10.00 lac in cash
The is no default of the seller if he sold the goods in cash
The is no default of the seller if he sold the goods in cash
10 August 2011
even for a cash sale you will have a bills.. so there is no need of any proof...and i hope that cash sales is accounted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
