30 June 2017
Hello, I am a Civil Contractor. If I receive amount more than Rs. 200000.00 in the year 2017-18 against the various bills raised by me on various dated to a person. Shall I liable for penalty under Section 269ST of Income tax Act?
01 July 2017
https://www.taxmann.com/login.aspx?ReturnUrl=%2ftopstories%2f105010000000014353%2ffurnishing-of-statement-of-financial-transaction-under-rule-114e-and-section-269st-–-a-comparison.aspx
04 July 2017
If I raise monthly Bills against single work order of Rs 4, 5 6 lacs and every month I receives the amount of Rs. 150000-180000 against every bill on various dated. Shall I liable for penalty under Section 269ST of Income tax Act?
CAclubindia
