if I have to two register firm one for job work and second for good sale.
I need cash in job work firm. can I transfer one cash entry of RS 3000000.00 from sale firm to job work firm.
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Cash transfer
Replies (5)
No GST restriction on cash transfer.......
As per Income tax act, transfer the funds through banking mode, to avoid any litigation.
OK thank you for reply.
I want to know can I transfer or not . because it's my internal issue
I want to know can I transfer or not . because it's my internal issue
Are your books required to be audited under sec 44AB of IT act?
my job work firm turn is approx 35 lack and my other firm turn over is approx 2 crore
As your accounts are required to be autheticise by an auditor, its advisable to kindly follow his advise.
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