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269st

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(Querist)
27 June 2018 Answer for the following scenarios:
1. Opening balance of a debtor as on 01-04-2017 Rs. 500000 for more than 5 bills. The whole sum received in cash through out the year, not exceeding Rs. 200000 each transaction. Now is it a hit under section 269ST?
2. A partner brings Rs. 200002 in cash for the year 2017-18 in various dates. Does it hit 269ST?
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RAJA P M

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RAJA P M (Expert)
27 June 2018 Both are not under 269ST
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CA Revanth Bharathwaj M

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CA Revanth Bharathwaj M (Querist)
27 June 2018 Glad to see your reply sir. But I need a detailed explanation for the answer.
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