Cash received against Sale.

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)
Quick Summary
This discussion addresses the legality of receiving cash payments exceeding £2 lakh for sales. It clarifies that Section 269ST of the Indian Income Tax Act prohibits receiving an aggregate amount of £2 lakh or more in cash from a single person for multiple transactions. The thread also touches upon related banking deposit limits and seeks guidance on handling sales exceeding this threshold.

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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