What is the basis of reporting under Rule 114E? Specifically, for persons liable to Audit u/s 44AB.
Do we have to take into account cash received towards sales even if various bills are issued but a single payment of Rs. 2lakhs or more is received?
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Statement of financial transactions
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"Do we have to take into account cash received towards sales even if various bills are issued but a single payment of Rs. 2lakhs or more is received?"
Yes, if the cash received on single day from single person.
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