Provision of section 269st
This query is : Open
Huzefa Tinwala
(Querist)
30 June 2017
Hello,
I am a Civil Contractor. If I receive amount more than Rs. 200000.00 in the year 2017-18 against the various bills raised by me on various dated to a person. Shall I liable for penalty under Section 269ST of Income tax Act?
I am a Civil Contractor. If I receive amount more than Rs. 200000.00 in the year 2017-18 against the various bills raised by me on various dated to a person. Shall I liable for penalty under Section 269ST of Income tax Act?
Ashiwini Ballodia
(Expert)
01 July 2017
https://www.taxmann.com/login.aspx?ReturnUrl=%2ftopstories%2f105010000000014353%2ffurnishing-of-statement-of-financial-transaction-under-rule-114e-and-section-269st-–-a-comparison.aspx
Ashiwini Ballodia
(Expert)
01 July 2017
Kindly provide your mail ID
Huzefa Tinwala
(Querist)
03 July 2017
hzf.tinwala@gmail.com
Ashiwini Ballodia
(Expert)
03 July 2017
Check your mail ID
Huzefa Tinwala
(Querist)
04 July 2017
If I raise monthly Bills against single work order of Rs 4, 5 6 lacs and every month I receives the amount of Rs. 150000-180000 against every bill on various dated. Shall I liable for penalty under Section 269ST of Income tax Act?
Ashiwini Ballodia
(Expert)
04 July 2017
The mail which I had send you is with example kindly follow that
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