Cash transaction limit rs. 300000

This query is : Resolved

0123456789@ (Querist)
Follow

11 February 2017 Cash Transaction Limit Rs. 300000 declared in budget 2017-18 which is means that the Assesses Cash Payment in whole year in his books of accounts Rs. 300000 or a Single Party payment Rs. 300000 in whole year ?

Sathish M

Sathish M (Expert)
Follow

11 February 2017 The provisions of section 269ST in the Finance Bill 2017 provides that no person shall receive an amount of Rs 3 lakh 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, otherwise than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA.Gopal Rathi

S J MITRA

CA Sunny Sharma

Moby Mogli

Vimlesh kumar

Subscribe Now

Cash transaction limit rs. 300000

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

CA Final

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY