HI FRIENDS
TELL ME , IS HUGE AMOUNT OF CASH DEPOSIT AND WITHDRAWAL NORMAL IN A BUSINESS TRANSACTION?
THANK YOU.
Menu
cash accounting
Replies (2)
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...!! |
 |
Recent Threads
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
Related Threads
CAclubindia
