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269ST- on cash receipt
I issued 10 invoices for F.Y 2018-19 to my customer,no invoice is exceeded RS.1,00,000 and I received 6,00,000 from him in F.Y 2018-19. No receipt is more than RS.1,50,000, ...will 269ST provisions are apply.????
Replies (3)
Section 269ST in the Income Tax Act bans such transactions in cash amounting to Rs 2 lakh or more on a single day, in respect of a single transaction or transactions relating to one event or occasion from an individual
269ST won't apply. I presume all cash receipts are of different dates.
269ST won't apply. I presume all cash receipts are of different dates.
If invoice is Rs. 225000/- and cash received against same rs. 50000 and by cheque 175000, Section 269ST is applicable?
Not Applicable
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