Cash transfer
Jamal Uddin Siddiqui (350 Points)
14 August 2019I need cash in job work firm. can I transfer one cash entry of RS 3000000.00 from sale firm to job work firm.
Jamal Uddin Siddiqui (350 Points)
14 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 15 August 2019
No GST restriction on cash transfer.......
As per Income tax act, transfer the funds through banking mode, to avoid any litigation.
Jamal Uddin Siddiqui
(350 Points)
Replied 22 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 22 August 2019
Are your books required to be audited under sec 44AB of IT act?
Jamal Uddin Siddiqui
(350 Points)
Replied 22 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 23 August 2019
As your accounts are required to be autheticise by an auditor, its advisable to kindly follow his advise.