An overview and understanding of Section 269ST on cash deposits

Ramadurai Chandrasekaran , Last updated: 25 September 2017  
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Section 269ST of the Income Tax Act, 1961 was introduced in the Finance Act 2017. The section seeks to minimise or reduce cash receipts. To quote from the press note issued by the Finance Ministry, Various legislative steps have been taken by the Finance Act, 2017 to curb black money by discourag

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