Applicablity of section 269st

Tax queries 188 views 1 replies
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auditor
59 Points Joined October 2009

Can section 269ST be attracted for receipt of USD 5000 in the normal course of business of Travel Industry for arranging travel  hotel abroad and acceptance of forex cash in India and then inturn exchange with Authorised delarers in India and then the same be deposited in Bank.

 

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On 21 May 2018 at 01:08 Report
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SEO Sai Gr. Hosp.
210774 Points Joined July 2016

As such the section will not attract over foreign currency, PROVIDED YOU ARE ELIGIBLE TO ACCEPT IT.

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On 21 May 2018 at 08:51


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