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Section 269ST
We have recd course fees from students on monthly basis, if student cash fees paid to us 10000 x 22 months. section 269ST applicable?
Replies (5)
No.... Not applicable if received every month. Also it's going to next FY.
Ok, Sir
269ST. No person shall receive an amount of two lakh rupees or more—
[a] in aggregate from a person in a day; or
[b] in respect of a single transaction; or
[c] in respect of transactions relating to one event or occasion from a person,
otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account
269ST. No person shall receive an amount of two lakh rupees or more—
[a] in aggregate from a person in a day; or
[b] in respect of a single transaction; or
[c] in respect of transactions relating to one event or occasion from a person,
otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account
269ST. No person shall receive an amount of two lakh rupees or more—
[a] in aggregate from a person in a day; or
[b] in respect of a single transaction; or
[c] in respect of transactions relating to one event or occasion from a person,
otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account
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