269ST

Girish (student) (72 Points)

30 July 2018

what is single transaction ? please give explanation.

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Jatin (Accountant) (3479 Points)
Replied 30 July 2018

Single Transaction means if any person received cash above 2 Lac in single take

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Girish (student) (72 Points)
Replied 30 July 2018

if we making invoice worth 5 lakh...
and amount received 3 equal installments.. ? is this transaction is single transaction ?

Jatin (Accountant) (3479 Points)
Replied 30 July 2018

Yes........

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 30 July 2018

Yes... I agreed to Mr Jatin...

As per above way sec 269st is levied.

Girish (student) (72 Points)
Replied 31 July 2018

if we making 5 invoices 50000 RS each... ( 250000) .. amount received 5 equal installments .. this also covered I/s 269st

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 31 July 2018

As per my view., No as per your view. But, If you receive single take then it's kick the sec...

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