05 April 2024
Hi My father had given Rs 3 lakh to a person. Now he is paying back Rs 2 lakh as final settlement. He gave 2 cheques (bearer cheque) of Rs 1 lakh each. So will S.269ST apply when we encash this cheque? As the total amount is Rs. 2 lakh. Also is it considered as a single transaction if cheques presented on different dates?
CAclubindia
