Tag Archives: Cash Transaction Limit

Ban on Cash Transactions above Limits : CBDT Advisory

By | March 4, 2019

CBDT Advisory prohibiting Cash Transactions above Limits The Central Board of Direct Taxes ( CBDT ), in a bid to promote cashless transactions, has issued an advisory on its official website regarding cash transactions over and above the prescribed limits specified under the law. An advisory issued by the income tax department on its official… Read More »

269ST- Cash Receipt of Rs 2 Lakh or more- not apply to Receipt from Bank

By | April 6, 2017

Budget 2017 takes Steps to discourage Cash transactions & curb Black Money Various legislative steps have been taken by the Finance Act, 2017 to curb black money by discouraging cash transaction and by promoting digital economy. [ Read Analysis of Section 269ST – Cash Receipt Rs 2 Lakh or more Banned w.e.f 01.04.2017 ] These prominently… Read More »