269ST applicability

Dear sir/madam,
I received a total of Rs 500000 as Rs 100000 each for 5 different invoices from 5 different customers in SAME DAY. Is sec 269ST applicable?
Replies (3)
Quick Summary
This discussion clarifies the applicability of Section 269ST of the Income Tax Act concerning cash receipts. The consensus is that receiving multiple payments of Rs 100,000 each on the same day from different customers, totalling Rs 500,000, does not violate Section 269ST. However, it is advisable to obtain PAN and Aadhaar details for customers to substantiate such large cash transactions.

No... section 269ST doesn't applicable in your case
Yes... I agreed to Mr Ramakrishnan.,

Sec 269ST not applicable in Your case.
Though 269ST doesn't apply but you are advised to obtain a PAN -& Aadhaar copy of customer bcoz onus will be on you to substantiate such big cashe receipts.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details