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Voilation of sec 269st of income tax

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(Querist)
29 April 2017 Sir My client Had Deposited Amount 200500 in Bank Account and also violation Sec 269ST of Income tax , So What Is Salution for Baware from Penalty
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
29 April 2017 No there is no penalty because section 269ST applies on receiver and in given case bank is receiver and banks are specifically kept out of purview of 269st
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
29 April 2017 No there is no penalty because section 269ST applies on receiver and in given case bank is receiver and banks are specifically kept out of purview of 269st
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