Cash transaction

Saurav (CA) (211 Points)

02 April 2017  

MR X HAS SOLD GOODS TO MR Y. As follow and received payment in cash

 1. 01/04/2017 BILL AMT 85000 PAYMENT REC. 85000 cash

2. 03 /04/2017 bill amount 150000 payment received  150000 cash

3. 05/04/ 2017 bill amount 180000 paynent recuved    

180000 cash

 

 

Whether the above trasaction attracts  the  provision of  cash transaction and penalty attracts 

Becasue its not one day transaction