Please clarify whether the limit of 200,000 specified u/s 285ba of income tax act is on per transaction basis or in aggregate for the year as at one place it was specified that all transactions of same nature should be clubbed.......hence please clarify
Menu
Form 61a
Replies (4)
PER TRANSACTION
PAYMENT OF RS 2,00,000 AGAINST ONE INVOICE
THEN IT IS APPLICABLE TO YOU
For sale or purchase, by any person, of goods or services of any nature it is obligatory to quote PAN for amount exceeding two lakh rupees per transaction.
THANKS A LOT......
WELCOME 
Recent Topics :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
