Anybody with Business Turnover Over Rs 2 Crores p.a.
Anybody with Business Turnover Over Rs 2 Crores p.a.
We all know that
New Rule 114E of the income tax rules requires all assessees liable for tax audit u/s 44AB will have to file statement of financial transactions in Form 61A, in case of receipt of cash payment exceeding of Rs. 2,00,000/for sale of goods/services of any nature.
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