What happens when you receive cash over 1.99 lakh

With the Finance Act 2017, a new section 269ST has been incorporated in the Indian Income Tax Act, 1961 which completely deals with what happens when any Person received an amount of Two Lakh (2,00,000) or more Indian Rupees in Cash. Section 269ST, clearly says that No Person shall receive an amount of 2,00,000 or […]

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