banner_ad

Sec- 269 ST Doubt

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 April 2017 Can a retail shopkeeper receive Rs. 2 lakh or more in aggregate in Cash during FY from single person on different dates such that amt received on each date is less than Rs. 2 lakhs. Assume that payments are in respect of multiple bills such that each bill amt is less than Rs. 2 lakhs.
Profile Image

CA Gopal Somani

Profile Image

CA Gopal Somani (Expert)
12 April 2017 Total amount should not exceed 2 lakh per DAY from a single person it doesn't whether you are receiving it in respect of one bill or multiple bills (each less than 200000)

Please check the below link, it provides good explanation - https://www.taxmann.com/topstories/105010000000014299/section-269st-the-impact-analysis.aspx
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details