Important provisions relating to cash transactions under the Income tax act, 1961

CA SATISH KUMAR N , Last updated: 10 July 2018  
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To evade black money and to discourage cash transactions, the Government of India is taking various steps time to time. In this regard, the Income Tax Act, 1961 is amended and provided with disallowances and stringent penal provisions for various types of cash transactions. Let us briefly focus on s

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CA SATISH KUMAR N
(Chartered Accountant)
Category Income Tax   Report

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