Menu
CASH PAYMENT DURING THE YEAR
HOWMAY CASH PAYMENT ALLOWD SINGLE PERSON DURING THE YEAR
Replies (2)
As Per Income Tax Act. No Person Shall Give Cash Above 10000
In In aggregate from a person in a day; or
In respect of a single transaction; or
In respect of transactions relating to one event or occasion from a person.
Section 269ST of Income Tax Act provides that no person can receive an amount of INR 2 Lakhs or more in cash:
In aggregate from a person in a day;
In respect of a single transaction; or
In respect of transactions relating to one event or occasion from a person.
In In aggregate from a person in a day; or
In respect of a single transaction; or
In respect of transactions relating to one event or occasion from a person.
Section 269ST of Income Tax Act provides that no person can receive an amount of INR 2 Lakhs or more in cash:
In aggregate from a person in a day;
In respect of a single transaction; or
In respect of transactions relating to one event or occasion from a person.
Under 269ST - cash transaction upto 2 lakhs
Under business & profession- -- expense payment in cash upto 10000/-
Under business & profession- -- expense payment in cash upto 10000/-
Recent Topics :
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
- ITR FORM FILING REGARDS
- TDS JUSTIFICATION REPORT
Related Topics :
CAclubindia
