I received cash more than two lakhs from a party during a fy against different bills what this is allowed
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 March 2020
No more problems if different bills and different amounts...
If received 2lakhs in single amount then it's under penalized...
If received 2lakhs in single amount then it's under penalized...
Pranav Aggarwal
(525 Points)
Replied 14 March 2020
Section 269ST applicable if more than 2 lakh in cash from single person in single day or recieve more than 2 lakh against single bill
Lokesh Agrawal
(10 Points)
Replied 14 March 2020
269ST attracted even recieved two lakh rupees against different bill under a single event
rama krishnan
(12239 Points)
Replied 15 March 2020
If you have received 2 lakhs cash in a single day from single person even against various bills it'll attract 269st
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