Regarding Applicability of Penalty u/s 269SS
This query is : Resolved
09 September 2025
If purchase of Rs. 4,00,000 is done from single party and if payment of less than Rs. 2,00,000 is made in current financial year and remaning amount is payable in current financial year and paid in cash in next financial year.
Then whether penalty u/s 269ST shall be applicable considering it as single transaction?
Then whether penalty u/s 269ST shall be applicable considering it as single transaction?
09 September 2025
The section 269ST is applicable over cash receiver.
But for seller if any amount is due from debtor as b/f balance, he cannot accept more than 10K in cash.
But for seller if any amount is due from debtor as b/f balance, he cannot accept more than 10K in cash.
15 September 2025
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