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269 ST Cash Transaction limit.

RAVINDRA GANGADHAR DEVALE (TAX PRACTITIONER) (286 Points)

17 October 2020

What is cash transaction limit for FY 2020-21 for du 2020-21

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3 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 17 October 2020

Regarding what propose you want to know cash transaction limit for fy2020-21

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RAVINDRA GANGADHAR DEVALE (TAX PRACTITIONER) (286 Points)
Replied 17 October 2020

Against sale

rama krishnan (12234 Points)
Replied 18 October 2020

Under section 269ST - 2 LAKHS (APPLICABLE SELLER)
under section 40A(3) - 10000 (applicable to payer in respect of revenue expenditure)
second proviso to section 43 - 10000 (applicable to payer in respect of capital expenditure)
under section 269ss - 20000 (applicable to borrower of loan or seller in case of transfer)
under section 269t - 20000 (applicable to borrower of loan while repayment of loan)