Advocate Debabrata & Co.
Section 269ST of the Income Tax Act, 1961
Why this provision matters
Section 269ST places restrictions on receipt of specified amounts in cash in certain circumstances.
Use traceable payment modes
Businesses and individuals should use permitted banking or electronic modes where required and retain supporting records.
Check current law before acting
Thresholds, exceptions and interpretations can matter. For a real transaction, verify the law and facts with a qualified professional.
Note:
This article is general information, not a substitute for advice on a specific matter. Rules and procedures can change.