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Cashreceipt

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(Querist)
16 May 2023 if a debtor deposit cash in trader's bank account ? is it a cash receipt or bank receipt ? and will it attract the provision of sec 269ST in case of higher amount recived?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 May 2023 It's cash receipt 269ST provisions attracted.
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Manish

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Manish (Expert)
16 May 2023 According to my understanding, the transaction would be considered as a bank receipt. And when the bank is receiver, section 269ST does not apply.
I would like to know your views on this matter, Seetharaman sir.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 May 2023 Your understanding is not right.
It's clarified that it's cash receipt.
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Manish

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Manish (Expert)
16 May 2023 Ok sir. Thanks for correcting me.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 May 2023 You are welcome...
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