Payment in Cash
This query is : Resolved
26 January 2017
X is commission agent. X opens a lic policy of his client Y. Client Y has no Bank Account. So on maturity of the policy X recieved a cheque of Rs. 100000 from Sahara co. in his own name. After depositing the money he withdraw Rs. 100000 and paid to Y in cash. Whether X does the right thing by paying the amount in cash.
27 January 2017
Whether Provision of sec 269T will be applicable to this case
19 October 2021
The section should not be applicable, when there is no business transaction.
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