Sale/purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2012
SIR,
WHAT IS THE LIMIT OF CASH PURCHASE OR SALE OF GOOD(e.g. GOLD) BY A PRIVATE LIMITED COMPANY.
WHAT IS THE LIMIT OF CASH PURCHASE OR SALE OF GOOD(e.g. GOLD) BY A PRIVATE LIMITED COMPANY.
19 January 2012
As such there is no limit on the amount of cash purchases or sales.
However, provisions of Section 40A(3) should be kept in mind to avoid disallowance of purchases.
However, provisions of Section 40A(3) should be kept in mind to avoid disallowance of purchases.
Guest
Guest
(Expert)
19 January 2012
There is no limit for cash sale and purchase.
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
- ITR 6 Schedule CFL and UD Issues
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- TDS RATE ON RENT PAID TO NRI
- FREELANCING ACCOUNTANT
- TCS ON SOFTWARE SALES
- Gstr 9 2023-24
- GST Form ADT-02
- Reporting of savings account interest income
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
