Tag Archives: Section 269ST

Section 269ST – Cash Receipt Rs 2 Lakh or more Banned w.e.f 01.04.2017

Section 269ST – Cash Receipt Rs 2 Lakh Banned w.e.f 01.04.2017  Section 269ST – Cash Receipt Rs 2 Lakh or more under Income Tax Commentary on Section 269ST Effective date: Provision is effective from 01/04/2017 (F.Y.2017-18 onwards) Section 269ST applies to all persons :- As per section 2(31), the word person includes individuals, HUFs, companies, firms,… Read More »

Cash Withdrawal from Bank not covered in Section 269ST – Notification

( Read 269ST- Cash Receipt Rs 2 Lakh or more Banned w.e.f 01.04.2017] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 5th April, 2017 S.O. 1057(E).—In exercise of the powers conferred by clause (iii) of the proviso to section 269ST of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that… Read More »

269ST – Burning Issues on ban on Cash receipts of Rs 3 Lakh or above -Budget 2017-18 Suggestions

Suggestions on Clause 83 of Finance Bill 2017- Section 269ST- Restriction on cash transactions –Certain concerns to be addressed In order to achieve the mission of the Government to move towards a less cash economy to reduce generation and circulation of black money, the Finance Bill 2017 proposes to insert section 269ST in the Act… Read More »

No Person can receive cash of Rs 3 Lakh or more w.e.f 01.04.2017 – Section 269ST

Restriction on cash transactions in India -Section 269ST of Income Tax Act [ Section 269ST of Income Tax Act  proposed by Finance Bill 2017 w.e.f 01.04.2017] Commentary on Section 269ST – Cash Receipt of Rs 3 Lakh or More  w.e.f 01.04.2017 Read  Analysis of Section 269ST – Cash Receipt Rs 2 Lakh or more Banned w.e.f… Read More »