banner_ad

Cash payment received more than two lakh

Tax queries 288 views 4 replies
User Avatar

52 Points Posted on 14 March 2020

I received cash more than two lakhs from a party during a fy  against different bills  what this is allowed

Reply Share Follow
On 14 March 2020 at 12:42 Report
Replies (4)
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 14 March 2020
No more problems if different bills and different amounts...
If received 2lakhs in single amount then it's under penalized...
464 Reply
On 14 March 2020 at 14:01
User Avatar

525 Points Posted on 14 March 2020
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
2 Reply
On 14 March 2020 at 19:33
User Avatar

10 Points Posted on 14 March 2020
269ST attracted even recieved two lakh rupees against different bill under a single event
Reply
On 14 March 2020 at 21:11
User Avatar

12244 Points Posted on 15 March 2020
If you have received 2 lakhs cash in a single day from single person even against various bills it'll attract 269st
35 Reply
On 15 March 2020 at 01:39


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details