Section 269st
This query is : Resolved
shivam jain
(Querist)
19 June 2018
Suppose Mr. A issues a bill of Rs 2,20,000 to Mr. B ..............so transaction value is Rs 220000........now Mr. b makes payment of 1,60,000 by cheque & 60000 by cash (same day)......whether it would be violation of 269ST & would attract penalty u/s 271D????????
What if 1,60,000 by cheque is made on different date from 60,000 made in cash ??????Would it make any difference ????
Please respond ....
What if 1,60,000 by cheque is made on different date from 60,000 made in cash ??????Would it make any difference ????
Please respond ....
19 June 2018
No in both cases it will not be violation of sec 269ST as you are anyway accepting cash Rs 60000/- only
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