Tag Archives: Business Expenses

New Cash Transaction Limits Under the Income Tax Act 2025

By | February 16, 2025
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Cash Transaction Limits Under the Income Tax Bill 2025 The Income Tax Bill 2025 introduces significant changes to cash transaction limits in India. This video provides a comprehensive overview of the new rules, covering: Restrictions on cash receipts (₹2 lakh limit) Limits on cash expenses for businesses (₹10,000/₹35,000) Rules for accepting and repaying loans in… Read More »

Allowable and Not allowable Business Expenses under Income Tax : Judgments

By | March 5, 2018
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Business Expenses under Income Tax Here are the case Laws on allowed and not allowed Business Expenses under Income Tax Business Expenses Allowed under Income Tax Expenses on Repair & renovation of hotel allowed as Revenue Expenditure : HC Expenses incurred on abandoned project was revenue expenses as no new Asset is created : MADRAS… Read More »