about cash sales in 2017-18
Prakash Chauhan (172 Points)
05 January 2018I want know that if one traders has retail business so he can cash sales to one party in a day more than rs 10000
what is the penalty of it
Prakash Chauhan (172 Points)
05 January 2018
satish
(teaching)
(2046 Points)
Replied 05 January 2018
No provision as per income tax act for revenue (sales). so no issue.
for further information refer 40A(3) as income tax act
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 05 January 2018