Acceptance of payment otherwise than in Cash - the provisions of ...

Circulars Income Tax

May 20, 2020

Acceptance of payment otherwise than in Cash - the provisions of section 269SU of the Act shall not be applicable to a specified person having only B2B transactions (i.e. no transaction with retail customer/consumer) if at least 95% of aggregate of all amounts received during the previous year, including amount received for sales, turnover or gross receipts, are by any mode other than cash.

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Acceptance of payment otherwise than in Cash - the provisions of ...

Circulars Income Tax

May 20, 2020

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