Cash Sale
This query is : Resolved
30 August 2017
Can a person bill Rs. 3lakhs to one person and receive whole amount in cash in different dates? Or can he receive ₹1.90 in cash and balance in cheque?
31 August 2017
NO he cannot any amount more than INR 20000, Should be received by cheque otherwise it will be disallowed
31 August 2017
269ST will be applicable if you receive 2 Lakh or more. You can receive 1.9 Lakh in cash & balance in cheque.
31 August 2017
Cash Receipt in different dates will not help you to circumvent 269ST
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