Menu
Cash sales above 3lacs
If a buisness men has a cash sales of 1L from 4 different person, after 1 apr 2016, it shall be permitted as per new amendment?
Replies (1)
On reading the ammendment, it can be understood that the limit applies to per transaction.
So, in my opinion the above transactions are allowed.
Recent Threads
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
Related Threads
CAclubindia
