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269st

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(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
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B Vinay Reddy

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B Vinay Reddy (Expert)
28 October 2017 No the above said transaction doesnt attract section 269ST as amount id Below 2 lakhs
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B Vinay Reddy

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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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