Sft in form 61a for jewellery business u/s 114e
durgaprasad (accounts executive) (225 Points)
25 May 2017durgaprasad (accounts executive) (225 Points)
25 May 2017
Poltu Ghosh
(Job)
(1865 Points)
Replied 25 May 2017
durgaprasad
(accounts executive)
(225 Points)
Replied 26 May 2017
Thank you for your response sir, but on previous year we collected the cash receipts upto Rs.4,99,999/- in the jewellery sector. As per IT ACT 206C , TCS applicable for bullion and jewellery on previous year were exceeding Rs.200000/- and Rs.500000/- respectively in cash sale consideration. Now in Form 61A , receipts of payment of cash exceeding Rs.200000/- for goods or services. This case is applicable per also for jewellery sector sir, if effected the case what we do the more than cash Rs.200000/- collected on previous year. Can you give your valuable suggestions according this Query
Poltu Ghosh
(Job)
(1865 Points)
Replied 26 May 2017
durgaprasad
(accounts executive)
(225 Points)
Replied 27 May 2017
Thank you for your nice clarification and suggestions about my query ...... I heard, some of the customers are give invalid pan card details. In such case, what to do...... (1) Can we take the aadhar card details of the customer inlieu of invalid pancard/customer have not a pancard.
Poltu Ghosh
(Job)
(1865 Points)
Replied 27 May 2017
durgaprasad
(accounts executive)
(225 Points)
Replied 29 May 2017
Thank you very much sir and a wonderful clarification