Cash sale limit
This query is : Resolved
Prasidh Narayan Tiwari
(Querist)
23 October 2017
We can make cash sell more then 2 lac to diff rant customers in a day
CA Ysil Karunai
(Expert)
23 October 2017
Section 269ST is applicable when any payment is received of Rs. 2,00,000/- or more
(a) in aggregate from a person in a day
(b) in respect of a single transaction or
(c) in respect of transactions relating to one event or occasion from a person.
In your case, you can't make cash sales more than Rs. 200,000/- even to a different person.
For more active discussions and Knowledge updates follow me on Twitter @CAysilkarunai
(a) in aggregate from a person in a day
(b) in respect of a single transaction or
(c) in respect of transactions relating to one event or occasion from a person.
In your case, you can't make cash sales more than Rs. 200,000/- even to a different person.
For more active discussions and Knowledge updates follow me on Twitter @CAysilkarunai
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