A person raised bill of Rs. 14,00,000 (i.e above 200000) . Now if he received 50,000 in cash would it be a violation of sec 269ST ?
10 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178371 Points)
Replied 20 November 2021
No, assuming remaining amount received by banking channel.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 21 November 2021
If received through banking channel then no violation otherwise it will disallowed
Vivek Trivedi
(25 Points)
Replied 21 November 2021
The file attached here is sample questions and suggested answer for ICAI PTT test 2nd level Please refer the same. It differed from your suggested answers
Attached File : 3199495 20211121081733 269st.pdf downloaded: 61 times
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178371 Points)
Replied 21 November 2021
Page 2 is missing in the attachment.
Ans. D is coorrect.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 21 November 2021
Thanks for the information
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178371 Points)
Replied 21 November 2021
There seems to be some mistake, as Rs. 2,15,000/- as suggested in the transactions is nowhere.
It should have been printing mistake under...
Payments 2. -- Rs.35,000 for Invoice 2 on 06.07.2021 in cash.... where in instead of Rs. 35,000/- it could have been Rs. 2,15,000/- by cash...
Vivek Trivedi
(25 Points)
Replied 21 November 2021
2,15,000 comprises of 180000 by crossed cheque ( other than ac payee cheque) and 35000 by cash. This is the only combination possible
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178371 Points)
Replied 21 November 2021
Yes, that can be one of such possibilities.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178371 Points)
Replied 21 November 2021
The query started with Rs. 50000/- cash payment, then rotated to different scenario..... GREAT......
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