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269st

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(Querist)
15 April 2017 IS COVERED IN PENALTY OF SECTION 269ST

IF PAID TO FARMER MORE THAN 2,00,000 FOR BUYING AGRICULTUE ITEMS
e.g - chiilli
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
16 April 2017 yes the same is also covered in penalty of 269st

because section prohibits payment of more than 2 lakhs in a day to a person (relation with agriculture does'nt matter)

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