Regarding section 269st

This query is : Resolved

Deep Garg (Querist)
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07 April 2017 Respected Members
If Person × sold goods to mr x in different bills all below 2 lacs of total 10 lakhs on different dates and received payment in cash on different days below 2 lakhs each day then this section apply or not

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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07 April 2017 Will not apply. Reason is -
* Receipt of less than Rs 2 Lakhs from a person in a day in the aggregate.
* Receipt of less than Rs 2 Lakhs in respect of a single transaction.

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Deep Garg

Deep Garg (Querist)
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08 April 2017 Sir will it attracts it's 3rd point "per event or occassion."??

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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08 April 2017 No. eg:- for event or occasion- marriage, birthday gifts.

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Deep Garg

Deep Garg (Querist)
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08 April 2017 Thanks For The info Sir..

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