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 Threads
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
Related Threads
CAclubindia
