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section269ST
what is the rule of 269ST
Replies (5)
Finance Bill 2017 inserted section 269ST in the Income Tax Act to provide that no person shall receive an amount of Two lakh rupees or more,— (a) in aggregate from a person in a day;
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
other-wise than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account
For details refer: cash-transactions-sec-269ST
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if there is a lending transaction the participants of the penalty will be given ortaken
sir,this section applies to cash lending transation? if there is a lending trans. the participants of the penalty will be given or taken
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