Tag Archives: cash donations

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 »

Restriction on cash donations w.e.f 01.04.2017

By | February 2, 2017
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Restriction on cash donations Summary : As per Finance Bill 2017  w.e.f 01.04.2017 i.e FY 2017-18 (AY 2018-19) no deduction shall be allowed under the section 80G in respect of donation of any sum exceeding two thousand rupees unless such sum is paid by any mode other than cash. Under the existing provisions of section 80G of… Read More »