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cash sale
which maximum amount we can sale in cash
Replies (2)
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..
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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