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Insertion of new section 269ST- Mode of undertaking transactions.

Clause 83 - DIRECT TAXES - Income-tax - Bill - Clause 83 - Insertion of new section 269ST. 83. After section 269SS of the Income-tax Act, the following section shall be inserted, namely:- Mode of undertaking transactions. 269ST. No person shall receive an amount of three lakh rupees or more- (a) in aggregate from a person in a day; or (b) in respect of a single transaction; or (c) in respect of transactions relating to one event or occasion from a person, otherwise than by an account payee chequ .....

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