Online Submission of details of Cash Transactions by 30.04.2017

By | April 29, 2017
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(Last Updated On: April 29, 2017)

PLEASE TAKE NOTE OF RULE 114B-114C of the Income-tax Rules, 1962!

If you are a Banking Company or Co-operative Bank or NBFC, Trustee of Mutual Fund, SRO, RTO, a Depository Participant or Custodian of Securities, Stock Broker, Share Transfer Agent, Broker to an issue, Merchant Banker, Portfolio Manager, Investment Advisor, a trader of goods or a service provider (with turnover exceeding Rs. 1 crore or professional receipt exceeding Rs, 25 lakh during F.Y. 2016-17), Foreign Tour Operator or a Foreign Exchange Dealer and If you have accepted payments between 01.09.2016 and 31.03.2017 of Rs. 50,000Rs. 10,00,000 without quoting PAN of the Payee/Depositor then, you are required to get yourself registered and file Form 61.

Last Date for Online Submission of details of Cash Transactions mentioned below is 30th APRIL, 2017

Transaction Details

Exceeding Rs. 50,000/-1. Payment in cash to hotels or restaurant against a bill or bill at any one time
2. Payment in cash for foreign travel or purchase of foreign exchange
3. payment to a mutual Fund for unit purchase
4. payment for acquiring bounds or debenture issued by a company or institution
5. payment to RBI for acquiring Bonds issued by RBI
6. Deposit with banking company or a co-operative bank in a day
7. payment in a day for purchase of bank drafts or pay order or bankers cheque
8. Time deposit in a day with

(i) Banking company or a co-operative bank

(ii) Post Office

(iii) A Nidhi

(iv) NBFC

9. Pre-paid payment document as defined by RBI
10. Payment as Life Insurance premium in a year
Exceeding Rs. 1 Lakh Per transaction1. Contract for sale or purchase of securities (other than shares)

2. Sale or purchase of share of utilised companies

Exceeding Rs. 2 Lakh Per transactionSale or purchase by any person of goods or services of any nature
Exceeding Rs. 10 Lakh or valued by stamp valuing authority

Sale or purchase by any person of any immovable property

Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source

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