Tag: section 269ST
CBDT clarifies applicability of Section 269ST in respect of dealership/distributorship contract in case of Co-operative Societies Circular No. 25/2022 F. No. 225/129/2022/ITA-II Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ••••• New Delhi, Dated 30th December, 2022 Subject: Clarification for …
CBDT exempts hospitals etc. providing Covid treatment from receiving cash in excess of Rs. 2 lakhs limit u/s 269ST for the period from 01.04.2021 to 31.05.2021 on obtaining the PAN or AADHAAR of patient and payee MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 56/2021 …
CBDT notifies Rule 6BBA and amended Rule 6DD to include new payments method as non cash payments for getting benefits/reliefs under various provisions of the Income Tax Act, 1961 Recently, CBDT had introduced a new Income Tax Rule 119AA prescribing modes of electronic payment for the purpose of …
The Income Tax Department has issued an advisory/warning for cash transactions in excess of prescribed limits. DO NOT ACCEPT cash of Rs. 2,00,000/- or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion. DO NOT …
Exemption from the provision of section 269ST prohibiting cash receipt of Rs. 2 lakhs or more MINISTRY OF FINANCE (Department of Revenue) Notification No. 57 /2017 New Delhi, the 3rd July, 2017 S.O. 2065(E).—In exercise of the powers conferred by clause (iii) of the proviso to section 269ST …
Cash transaction limit on bank withdrawal u/s 269ST-CBDT Notification exempting cash withdrawal from bank from restriction imposed u/s 269ST TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE) New Delhi, the 5th April, 2017 NOTIFICATION …
Cash transaction limit 269ST not apply to withdrawal from bank, cooperative bank or a post office savings bank-Press Release Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 5th April, 2017 PRESS RELEASE Budget 2017 takes Steps to discourage Cash transactions & curb Black …
Cash Transaction Limit us 269ST reduced to Rs 2 lakhs. As per Revenue Secretary tweet, Govt in official amendment to Finance Bill has proposed so. Finance Bill 2017 had proposed a check on domestic black money by inserting a new section 269ST in the Income Tax Act, 1961 to provide that …
Restriction on Cash Transaction of Rs 3 Lakhs or more in aggregate from a person in a day, in single transaction or one event or occasion from a person Budget 2017-18 Provisions : Restriction on cash transactions In India, the quantum of domestic black money is huge which …
