Cash Transaction Limits under Income Tax Act

CA Shruti Singhal , Last updated: 06 April 2024  
  Share

The tax audit season is about to begin. This article aims to refresh the existing limits of cash transactions. The Income Tax Act in India discourages cash transactions to promote transparency and curb tax evasion. Disallowance of Expenses Section 40A(3) disallows tax deductions for cash expen

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
🤖 Summarize this with AI: 💬 ChatGPT 🔍 Perplexity 🤖 Claude 🔮 Google AI Mode 🐦 Grok

CCI Pro

Published by

CA Shruti Singhal
(Practicing CA)
Category Income Tax   Report

Other Articles  
Comment   Share
1 Likes   13891 Views
Comments

Related Articles


Loading


Popular Articles




CCI Pro
Meet our PRO Members
Subscribe to CAclubIndia Pro

Trending Online Classes

view all classess
Follow us

CCI Articles

You can also submit your article by sending to article@caclubindia.com

submit article

Browse by Category