269st
This query is : Open
Rakesh Bhardwaj
(Querist)
28 October 2017
Is 150000/- received from Mr. Raju real brother through capital account on 07/7/2017 as gift and on 10/07/2017 same amount is taxable u/s269 ST
B Vinay Reddy
(Expert)
28 October 2017
No
the above said transaction doesnt attract section 269ST as amount id Below 2 lakhs
B Vinay Reddy
(Expert)
28 October 2017
And note that section 269ST is for cash receipts
The above transaction is through Bank account so there is no question of SEC 269ST
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