Tag Archives: Rule 114-E reporting by person liable for audit

Cash Sale Exceeding Rs 2 Lakh -Reporting by person who is liable for audit u/s 44AB

By | November 25, 2016

Rule 114-E (2) of Income Tax Rules requires reporting by any person who is liable for audit under Section 44 AB of Income Tax Act in respect of transaction mentioned at Sr. No. 11 .Receipt of cash payment exceeding two lakh rupees for sale, by any person, of goods or services of any nature (other… Read More »