I received cash more than two lakhs from a party during a fy against different bills what this is allowed
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Cash payment received more than two lakh
Replies (4)
No more problems if different bills and different amounts...
If received 2lakhs in single amount then it's under penalized...
If received 2lakhs in single amount then it's under penalized...
Section 269ST applicable if more than 2 lakh in cash from single person in single day or recieve more than 2 lakh against single bill
269ST attracted even recieved two lakh rupees against different bill under a single event
If you have received 2 lakhs cash in a single day from single person even against various bills it'll attract 269st
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