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cash transaction
is cash receipt can be accepted for 2 various invoices on various dates crossing Rs.2 lakhs from same person on various dates.
Replies (4)
'269ST. Mode of undertaking transactions.—No person shall receive an amount of two lakh rupees or more—
| (a) | in aggregate from a person in a day; or | |
| (b) | in respect of a single transaction; or | |
| (c) | in respect of transactions relating to one event or occasion from a person, |
sir as per your reply I ment I can accept cash on different days from a single person for example from Mr.A Rs.101000 today and 100000 tommorrow pls clarify is it correct
This amount not related to a single transaction you can do this
K. thank u so much
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