Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

CA Darshan Soni (D.P.BARBHAYA & ASSOCIATES)     03 June 2021

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?


 6 Replies

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     03 June 2021

Yes, these are allowed.
Sourav

Sourav (Student)     03 June 2021

Yes it is permissible
Ankit Neema

Ankit Neema   03 June 2021

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,
Sivaramaraju G

Sivaramaraju G (Learner)     04 June 2021

Yes, you are absolutely permissible to take like that.
Sourav

Sourav (Student)     25 July 2021

Yes ....
Nidhi

Nidhi (Chief Accountant)     31 July 2021

Yes, you can do so ..it's allowed

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags