cash paymemt
This query is : Resolved
26 August 2017
Dear all,
One cloth trader has make a bill of Rs 100000/-
Can we pay this amount in cash in a single day....?
should this transaction covered section 269st..?
26 August 2017
You can't pay cash above 10k as per income tax act....
269st is applicable for receipt of cash above 2lakhs....
28 August 2017
sir
If anybody can receive a cash of Rs
28 August 2017
Sir
If anybody can receive a cash upto Rs 2 lac.
Than why we cannot pay Rs 100000/- on purchase.
28 August 2017
You can receive Cash less than 2 lakhs. You don't fall under 269ST. But, The giver is also fall u/s 40A(3A).
The same You give 10000 to less than 2 lakhs you fall u/s 40A(3A)...
The same You give 10000 to less than 2 lakhs you fall u/s 40A(3A)...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Specified Profession
- Tax liability on income of freelancer
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
