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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?

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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.

 

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