An overview and understanding of Section 269ST on cash deposits

Ramadurai Chandrasekaran , Last updated: 24 March 2018 Share Follow on Google News

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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About the Author

Ramadurai Chandrasekaran

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I am Ramadurai Chandrasekaran,a Chartered Accountant with additional qualifications as a Cost Accountant. After being in the industry for more than 27 years, and more recently with Tata Power in their overseas assignment as CFO, i had to return to India for personal reasons. I have set up my practice as a Chartered ... Read more

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An overview and understanding of Section 269ST on cash deposits

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