Restrictions on Cash Receipts imposed u/s 269ST

CA AJIT YADKIKAR , Last updated: 21 February 2017  
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The Finance Bill 2017 introduced a new Section 269ST in the Income Tax Act. The new section will impose restriction on receipt of any amount exceeding Rs.3 lakhs through modes other than the modes prescribed in that section. The exact wording of this proposed new section is like this: - No

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