269st in finance business
This query is : Resolved
22 April 2017
i deal in finance business
expert, plz tell me that i give anyone rs 300000 in cash.
2. dealing with same person of rs 10lakh on different dates attract 269st
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22 April 2017
plz also tell me that if anyone purchase a new car say 5lakh. then can that person make 1lakh cash payment?
23 October 2021
Yes the receipt from same person of Rs. 10 lakhs in cash on different dates will attract sec. 269ST of the act.
23 October 2021
Yes, cash payment for 1 lakhs will not attract sec. 269ST of the act; provided its for personal use.
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