Sec 269st of income tax act,

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Is sec 269ST of income tax (cash transactions 2 lacs) applicable even where there are multiple sale bills to a single party and none of the individual bills exceed Rs. 200000.00 and all the payment is received in the cash over a period of time.

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Yes.......... when aggregate of the bills pertaining to any single day exceed the limit..........

agreed to dheeraj sir


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