mr a issued 3 sale bill to mr b on same date 10.07.2023 each bill value 80 thousand total 240000 rs issued bill on same date
can mr a recived 8 thousand per day in a cash ?
Replies (2)
Quick Summary
This discussion clarifies the application of Section 269ST of the Income Tax Act regarding cash transactions. It addresses a scenario where one person issued three sale bills to another on the same date, totalling ₹2,40,000. The query centres on whether the recipient can receive ₹8,000 daily in cash without contravening the law.