Cash collection for chit subscription Reg

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272 Points Posted on 27 November 2020
We are doing chit business under chit fund act 1982 and we are collecting Chit instalment as cash for Rs.1 Crore Chit group chit subscribers pay Rs.200000/ as instalment in one day as cash in this circumstances Under Income tax Act 269ST section is applicable for us or not.
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On 27 November 2020 at 17:37 Report
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tax consultant
3306 Points Posted on 27 November 2020
Not applicable
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On 27 November 2020 at 19:49

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