Query on Transactions

Case Analysis 1:

Purchases by Mrs. Uma (from Jeweller)

1. 1-1-2024: Gold Coin ₹85,000

   • Paid below ₹2,00,000 in cash: No violation.

2. 10-2-2024: Gold Chain ₹80,000

   • Paid below ₹2,00,000 in cash: No violation.

3. 15-3-2024: Gold Ring ₹45,000

   • Paid below ₹2,00,000 in cash: No violation.

Aggregate Purchases: ₹2,10,000, but no single payment or aggregate payment in cash on the same day exceeds ₹2,00,000.
Thus, no violation of Section 269ST.

Sales by Mrs. Uma (to Jeweller)

1. 10-6-2024: Gold Coin ₹85,000

   • Received below ₹2,00,000 in cash: No violation.

2. 15-6-2024: Gold Chain ₹77,000

   • Received below ₹2,00,000 in cash: No violation.

3. 20-6-2024: Gold Ring ₹40,000

   • Received below ₹2,00,000 in cash: No violation.

Aggregate Sales: ₹2,02,000, but no single receipt or aggregate receipt on the same day exceeds ₹2,00,000.
Thus, no violation of Section 269ST.

Case 2:

Mrs. Anita’s employer paying her salary of ₹8,000 per month in cash does not violate Section 269ST, as the annual salary paid in cash (₹96,000) is below the threshold of ₹2,00,000 for each financial year.