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Section 269ST, Income Tax

Issue Id: - 117977
Dated: 1-6-2022
By:- Ethirajan Parthasarathy
Section 269ST

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Penalty u/s 269ST is attracted for cash transaction above Rs.2,00,000/- My query is whether section 269ST is attracted if a partner draws cash of Rs.50,000/- per month towards his current account.

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