QUERY ABOUT 269ST

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10 Points Posted on 26 April 2021
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.
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On 26 April 2021 at 13:33 Report
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This discussion clarifies the applicability of Section 269ST for cash receipts. Section 269ST limits cash transactions to Rs. 2 lakhs per day per person. If you receive cash in multiple transactions on different dates, even if the total exceeds Rs. 5 lakhs, it may not be applicable as long as each transaction is below Rs. 2 lakhs and can be genuinely justified as separate.

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Chartered Accountant
24588 Points Posted on 26 April 2021
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
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On 26 April 2021 at 14:15
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pali
41 Points Posted on 27 April 2021
But that amount is obviously related to diffrent different transactions so section 269st will not applicable in this case
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On 27 April 2021 at 00:02
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Practice
1361 Points Posted on 27 April 2021
If u can justify that your invoices relates to different transaction then only you can do so otherwise not.
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On 27 April 2021 at 07:14

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