cash sale
C B GOYAL (ACCOUNT COSULTANT) (69 Points)
28 June 2018
which maximum amount we can sale in cash
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 28 June 2018
As per Section 269ST of IT act, you cannot sell (i.e receive cash) for Rs. 2 lakhs per person per day/aggregate of bills...
So with different persons per day cash sales can be anything in tune of 1.99 lakhs * no. of persons..
Nischal Mittel
(43 Points)
Replied 28 June 2018
as such there is no limit but u cannot receive cash against such sale exceeding rs 200000 per person per day as per sec 269st
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