Section 269ST restricts receiving ₹2 lakh or more in cash in a single day or for a single transaction — breaching it can attract penalty equal to the amount received.
Practical compliance
- Route high-value sales and collections through bank or digital modes
- Align with Section 269SS limits on cash loans and repayments
- Maintain invoice and bank trail for audits
- Train billing and collection staff on thresholds
Related: Section 269SS cash loan guide, bookkeeping, and internal audit.
