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?
Menu
Restriction for cash receipts u/s 269ST
Replies (6)
Quick Summary
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,
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
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
