sir I purchase old car in rs.602000
and 402000.00 loan and remaining 200000.00 rs paid in cash so it valid for income tax
Menu
FIX ASSET
Replies (2)
Cash component should be less than 2 lakhs,
Because as per section 269ST of I T act, seller or cash receiver attracts penalty for receiving cash for amount Rs. 2 lakhs or more
its 20 000 rs now us 269ss and 269st
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
