Tag Archives: political parties

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 »

Govt may fix threshold criteria for political parties to enjoy tax exemptions

By | December 21, 2016

Government plans to set a threshold criteria for political parties to enjoy tax exemptions to check money laundering by outfits that do not contest elections, Finance Minister Arun Jaitley said today. He said the Revenue Secretary has been asked to look into the issue in the wake of Election Commission’s recommendations in this regard. Jaitley’s… Read More »