Cashreceipt
This query is : Resolved
Quick Summary
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?
16 May 2023
It's cash receipt 269ST provisions attracted.
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.
I would like to know your views on this matter, Seetharaman sir.
16 May 2023
Your understanding is not right.
It's clarified that it's cash receipt.
It's clarified that it's cash receipt.
17 May 2023
You are welcome...
...
...
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
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Error in uploading Form 10BD
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- ITC BENEFIT ON BROKRAGE PAID
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
