I want to know that Can I sold goods in cash below 200000 rupees to one person in a day in single transaction and what are the documents required to take from customer as pan card or another and sale limit for requiring pan card.
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About cash sale limit
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"Can I sold goods in cash below 200000 rupees to one person in a day in single transaction?........... YES
INCOME TAX NOTIFICATION NO. SO 3545E DT. 30/12/2015
FOR ASSESSEE COVERED U/S 44AB OF IT ACT, 1961
Sales or purchase of any goods and services exceeding ₹ 2.00 lac per transaction
(with effect from (w.e.f.) Jaunuary 1, 2016
[Other than motor vehicles, hotel or restaurant bill, foreign travel expense, securities, LIC, immovable property etc. (covered otherwise by specific rules)
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