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QUERY ABOUT 269ST
I am raising different invoices less than 80k but total amount comes to Rs. 5 lakhs and above.. I am receiving cash in different dates whether 269st is applicable.
Replies (3)
Quick Summary
Under section 269ST you can receive 200000 rupees in cash in a single day in a single transaction. In this case if you receive upto 200000 rupees in a single day then you can receive 500000 rupees in different dates
But that amount is obviously related to diffrent different transactions so section 269st will not applicable in this case
If u can justify that your invoices relates to different transaction then only you can do so otherwise not.
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