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applicability of section 269st?
if cash received against opening balance of debtor in FY 2017-18 amounting to RS. 400000/-, whether section 269st gets attracted?
Replies (3)
'269ST. Mode of undertaking transactions.—No person shall receive an amount of two lakh rupees or more—
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
yes it's applicable...
...
...
YES CERTAINLY...
SEC 269 ST IS APPLICABLE.
BUT HE CAN DISTRIBUTE IT FOR 2 DAYS...
SEC 269 ST IS APPLICABLE.
BUT HE CAN DISTRIBUTE IT FOR 2 DAYS...
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