{"id":4773,"date":"2018-03-07T14:42:05","date_gmt":"2018-03-07T09:12:05","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=4773"},"modified":"2018-03-07T14:42:05","modified_gmt":"2018-03-07T09:12:05","slug":"section-269st-mode-undertaking-transactions","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/income-tax-act-1961\/section-269st-mode-undertaking-transactions\/","title":{"rendered":"Section &#8211; 269ST : Mode of undertaking transactions"},"content":{"rendered":"<p><strong>269ST<\/strong>. No person shall receive an amount of two lakh rupees or more\u2014<\/p>\n<p>(a) in aggregate from a person in a day; or<\/p>\n<p>(b) in respect of a single transaction; or<\/p>\n<p>(c) in respect of transactions relating to one event or occasion from a person,<\/p>\n<p>otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:<\/p>\n<p>Provided that the provisions of this section shall not apply to\u2014<\/p>\n<p>(i) any receipt by\u2014<\/p>\n<p>(a) Government;<\/p>\n<p>(b) any banking company, post office savings bank or co-operative bank;<\/p>\n<p>(ii) transactions of the nature referred to in section 269SS;<\/p>\n<p>(iii) such other persons or class of persons or receipts, which the Central Government may, by notification in the Official Gazette, specify.<\/p>\n<p>Explanation.\u2014For the purposes of this section,\u2014<\/p>\n<p>(a) &#8220;banking company&#8221; shall have the same meaning as assigned to it in clause (i) of the Explanation to section 269SS;<\/p>\n<p>(b) &#8220;co-operative bank&#8221; shall have the same meaning as assigned to it in clause (ii) of the Explanation to section 269SS.]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>269ST. No person shall receive an amount of two lakh rupees or more\u2014 (a) in<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5735,446],"tags":[],"yst_prominent_words":[5751,257,2566,5752,2681,2678,2073,2680,5750,454,828,5748,5746,5749,902,482,2999,2572,458,5747],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/4773"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=4773"}],"version-history":[{"count":0,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/4773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=4773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=4773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=4773"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=4773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}