Cash receiving limit for the f.y. 2017-18
This query is : Resolved
Dinesh Singh
(Querist)
06 April 2017
Dear Experts,
Kindly let me know what is the cash receiving limit for the F.Y. 2017-18.
Regards
Kindly let me know what is the cash receiving limit for the F.Y. 2017-18.
Regards
CA Gopal Somani
(Expert)
06 April 2017
Its 2 Lakhs as per 269ST
No person shall receive an amount of Two lakh rupees or more—
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person, otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:
No person shall receive an amount of Two lakh rupees or more—
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person, otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:
Dinesh Singh
(Querist)
06 April 2017
Thanks for your kind & prompt response.
Could you please let me know that is there any threshold limit of Cash Receive for a year? i.e. how much cash can be received during the year from a particular person in respect of sale.
Regards
Could you please let me know that is there any threshold limit of Cash Receive for a year? i.e. how much cash can be received during the year from a particular person in respect of sale.
Regards
CA Gopal Somani
(Expert)
06 April 2017
Please check the below link more more detail
https://www.taxmann.com/topstories/105010000000014299/section-269st-the-impact-analysis.aspx
https://www.taxmann.com/topstories/105010000000014299/section-269st-the-impact-analysis.aspx
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
