30 May 2017
Dear Experts, we have issued different tax invoices to one of the vendor on different dates. but from this vendor we have received payment in cash on different dates single payment not exceeding 2 Lakh but total payment exceed 2 Lakh
pls clarify :- will i have to report these transaction in form 61A or not?
30 May 2017
Receipt in respect of sale of goods or services per transaction only need to be reported if it exceeds 2 lakhs. So that aggregation not requires.
CAclubindia
