limit of rs 200000/- transaction-wise /person-wise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2016
WHiat is the treshold limit of Rs 200000/- transaction-wise /person wise or in aggregate
please Clarify
please Clarify
11 June 2016
The limit is transaction wise.
11 June 2016
I feel it is based on the invoice. If a person pays per invoice more than 2 Lakhs the section seems to apply. For more details : https://blog.mrpraveen.net/2016/06/06/update-changes-in-taxation-from-01-04-16/
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