As an account student, i have two queries regarding section 269 st. Kindly answer with descripttion.
Case 1.
Mrs. Uma purchases Gold jewellery from jeweller . her purchases are as follows. on
1-1-2024 Gold coin 85000
10-2-2024 Gold Chain 80000
15-3-2024 Gold Ring 45000
Total Purchase 2 lakh10 thousand
She sold Same to same jeweller as follows
10-6-2024 Gold Coin 85000
15-6-2024 Gold Chain 77000
20-6-2024 Gold Ring 40000
Total Sale 2 lakh 2 thousand
Is there voilation of Section 269 ST on behalf of buyer or seller
Case2:-
Mrs Anita is employed as school teacher and getting salary as 8000 per month in cash from past 3 years. (i.e total salary drawn is appx. 3 lakh in 3 years).. Is there violation under section 269ST ?
CAclubindia
