HI FRIENDS
TELL ME , IS HUGE AMOUNT OF CASH DEPOSIT AND WITHDRAWAL NORMAL IN A BUSINESS TRANSACTION?
THANK YOU.
CA Dauzi Pathan Imran Khan
(Chartered Accountant in Practise)
(1678 Points)
Replied 10 December 2010
Based on size of business and transaction, it will be normal..!!
While from auditing point of view it will lead to extensive chesking for the reasons..!!
While from taxation point of view, it will attract TDS provisions and may not be allowable if TDS is not deducted...!!!
Smile On...!!
Originally posted by : P IMRAN KHAN | ||
Based on size of business and transaction, it will be normal..!! While from auditing point of view it will lead to extensive chesking for the reasons..!! While from taxation point of view, it will attract TDS provisions and may not be allowable if TDS is not deducted...!!! Smile On...!! |
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)