Cash received against Sale.

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Respected sir, Can I take above 2 lakh cash in a agreegate for different
sale bill. or only 2 lakh plz Guide me.
Replies (9)

not above 2 lac............... ..........

Section 269ST states that no person shall receive an amount of Two lakh rupees or more, in aggregate from a person 

It's Rs.199999
Bit sir it is different transaction not a single
An individual or business entity cannot deposit more than Rs.199999 lakh in one day in a scheduled bank.
Originally posted by : sabyasachi mukherjee
opening quote An individual or business entity cannot deposit more than Rs.199999 lakh in one day in a scheduled bank. closing quote

is it ?????? really Mr. Mukherjee ????

Sabyasachi Mukherjee Always Wrong Reply
fake profile..
Post details of sec 269 ST

Sir,
Nicely informative.... what if Accounted sale amount deposited in bank which is more then Rs 2Lakh as Owner do not above this rule?
what should he do now?


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