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Cash transaction under sec 269st
i am construction material supplier,a customer come in 5 times in month purchase rs 50000 per time (total 50000*5=250000)in cash.is sec 269st violating? thanks in advance.
Replies (2)
Quick Summary
No you are not violating.
Not violating, if you received cash Rs. 50,000 every time...
If you received total cash Rs. 2,50,000 on single day, than its violation of Sec. 269ST
If you received total cash Rs. 2,50,000 on single day, than its violation of Sec. 269ST
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