Restriction for cash receipts u/s 269ST

As there is cash limit of 200000 for single transaction. is it possible to accept cash as follows.

inv no. 1 of 250000/- . payment received as 100000/- via RTGS and 150000/- in cash.

inv no. 2 is of 225000/- . payment received as 100000/- via RTGS and 125000/- in cash.

is it permissible as per 269ST?
Replies (6)
Quick Summary
This discussion clarifies the application of Section 269ST of the Income Tax Act regarding cash receipts. The consensus is that splitting a single invoice payment between RTGS and cash is permissible, provided the cash component does not exceed the daily aggregate limit from a single person or relate to a single event. The examples provided demonstrate valid scenarios where cash can be accepted alongside other payment methods.

Yes, these are allowed.
Yes it is permissible
You can Accept as mentioned by you.
Restrictions are in accepting cash are as
in aggregate from a person in a day; or in respect of a single transaction; , or in respect of transactions relating to one event or occasion from a person,
Yes, you are absolutely permissible to take like that.
Yes ....
Yes, you can do so ..it's allowed

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