269st in finance business

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Manish goyal (Querist)
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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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Manish goyal

Manish goyal (Querist)
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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?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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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