Section 269st
This query is : Resolved
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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
