SHAMNHU NATH TRIVEDI (PARTNER) (156 Points)
01 April 2017I want to know whether Cash Transaction Limit Rs 200000/- as efffective From today is applicable to Single Transaction with one Party and whether it is applicable to per day or per month or per Year total Transaction with one party or as a whole?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 01 April 2017
Applicable to aggregate of transactions with any single party per day
varsha naik
(Chartered Accountant)
(303 Points)
Replied 05 April 2017
269ST is applicable when a person receive an amount of Rs. 2 Lakhs or more
-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 ocassion from a person
otherwise than by account payee cheque or account payee bank draft or use of electronic clearing system through a bank account.
durgaprasad
(accounts executive)
(225 Points)
Replied 11 April 2017
269 ST is applicable for aggregrate of transactions on person per day . Some of them give explanations, it will be countable of accounting period , isn't right or wrong
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
