Law and Procedure an e-book | ||
Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Disallowance of cash expenses or limit on cash transactions This |
||
Income Tax - Frequently Asked Questions (FAQs) |
||
FAQs on Disallowance of cash expenses or limit on cash transactions |
||
|
||
What is the penalty for contravention of Section 269ST? |
||
Ans. Where a person receives the amount in contravention of this provision, he shall be liable for a penalty under Section 271DA of a sum equal to the amount of such receipts. |
||