Menu
cash deposit limit
Sir I want to know that a firm is selling to a firm or person with the help of sale invoice or tax invoice more than twenty lac in whole f. y and received in cash whole amount in different time. I want to know that firm is liable to penalty u/s 269st. PRAVESH KUMAR mishra 9450378001.
Replies (1)
" a firm is selling to a firm or person with the help of sale invoice or tax invoice more than twenty lac in whole f. y and received in cash whole amount in different time."
If the sale invoices are of diffrent dates, non exceeding 1.99 lakhs, and the receipts of the payments also on different dates in aggregate not exceeding 1.99 lakhs on any day.........
Section 269ST does not get attracted.
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
