marshal (auditor) (59 Points)
21 May 2018Can section 269ST be attracted for receipt of USD 5000 in the normal course of business of Travel Industry for arranging travel hotel abroad and acceptance of forex cash in India and then inturn exchange with Authorised delarers in India and then the same be deposited in Bank.
Advise
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 21 May 2018
As such the section will not attract over foreign currency, PROVIDED YOU ARE ELIGIBLE TO ACCEPT IT.
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