Cash receiving limit for the f.y. 2017-18
This query is : Resolved
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
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:
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
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ITR-3 File/Error Found
- TDS offline utility
- Due Date Clarity
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Error in uploading Form 10BD
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
