Doubt regarding section 269ss

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If I received 3lac as advance from customer in a year but received less than 2lac in a day.
So section 269ss is applicable or not?

Please reply expert.
Thanks in advance
Replies (4)
Not applicable
In what mode?

If 3 lac is related to one event, even if received (in cash) in installments, provisions of section 269st would be violated.

But if you receive less than ₹2 lacs in cash, and the rest not in cash, then no violation.

Yes..


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