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TCS on Receipt of Cash exceeding Rs 200000

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11 June 2024 Sir,
We Received Rs 250000/- in a single Day for a Single Sale Transaction of Rs. 250000
How much TCS is to be collected on this transaction s
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
12 June 2024 Section 269ST prohibits any person to receive an amount of Rs.2 lakh and above in cash:

In aggregate from a person in a day, or
In a single transaction, or
In respect of transactions relating to one event or occasion from a person.

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