As there is cash limit of 200000 for single transaction. is it possible to accept cash as follows.
inv no. 1 of 250000/- . payment received as 100000/- via RTGS and 150000/- in cash.
inv no. 2 is of 225000/- . payment received as 100000/- via RTGS and 125000/- in cash.
is it permissible as per 269ST?
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Restriction for cash receipts u/s 269ST
Replies (6)
Yes, these are allowed.
Yes it is permissible
You can Accept as mentioned by you.
Restrictions are in accepting cash are as
in aggregate from a person in a day; or in respect of a single transaction; , or in respect of transactions relating to one event or occasion from a person,
Restrictions are in accepting cash are as
in aggregate from a person in a day; or in respect of a single transaction; , or in respect of transactions relating to one event or occasion from a person,
Yes, you are absolutely permissible to take like that.
Yes ....
Yes, you can do so ..it's allowed
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