Answers On Topic: animals
  cash purchase of animals from producers
hi every one the assessee is a trader and supplies live stock (buffalo cattle) to the various meat factories. the sales are confirmed by the respective customers and payments are also received in bank account, but cash withdrawn from the bank account for making the payments to the respective suppliers (farmers/producers) in cash, because all the purchases are made from the farmers/producers of buffalo and the payment has to be made in cash. this cash purchase is allowed as per the conditions of Rule 6DD and section 40B. now the assessing officer is doubting about the purchase. now i need…


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