Doubt about section 206c (1d)

Sir/Madam, Please clarify if an assessee makes sales in cash in a day through petty cash memo less than Rs. 20,000/- each and total aggregate sales of a day becomes more than Rs. 2,00,000/- . In cash memo he simply written cash sales instead of specific name of the buyer. Whether section 206C (1D) will be applicable in such type of case or is it mandatory to give the name of the buyer in cash memo. Whether only name may be sufficient or complete address to be written in cash sales. No account of specific buyer is required then how it is possible to add the sales of a specific buyer of the month or of the year. Please clarify the situation in such type of cases.
Replies (2)

Limit for TCS is 2,00,000/- for single invoice/transaction with single person in cash not total aggregate sales to more than one person

 

for more details, refer

Circular no. 23/2016 dated 24/06/2016

Circular no. 22/2016 dated 08/06/2016

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details