cash collection against sales of good
DEEPAK Sinha (6 Points)
26 December 2018
can we collect cash against sale of goods
4 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 26 December 2018
Yes, but the invoice should be below INR. 2 lakh.
pritesh
(CA Final student)
(7101 Points)
Replied 27 December 2018
yes
But as per income tax less than 2lakh
But as per income tax less than 2lakh
Nilesh
(Account Executive)
(85 Points)
Replied 13 September 2022
Yes ,you can collect cash up to rs 2 Lakh. but regular practice collect amount through bank .
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