Sec269SS

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15 Points Joined March 2017
If a sale transaction of a plot is of Rs.15,00,000/-.
in this case if the company received 1,60,000/- in the form of cash and rest in cheque.
will sec 269 apply in this case and is there any penalty for this.
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On 15 November 2017 at 23:33 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
No....
Not applicable for 269...

269SS applicable for "PAYMENTS" exceeding 10k....

269ST applicable for "RECEIPTS" exceeding 2lakhs...
So, Above said case Cash Receipt are just 1.60lakhs. Above said section not attracted....

>>> GOOD LUCK <<<
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On 15 November 2017 at 23:39
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15 Points Joined March 2017
sorry Sec269ST is applicable or not
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On 16 November 2017 at 09:25
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Not applicable less than 2lakhs...
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On 16 November 2017 at 15:18
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CHARTERED ACCOUNTANT
28 Points Joined February 2012
Not Applicable.
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On 16 November 2017 at 19:16


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