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Reducement limit from 20k to 10k

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2017 Dear Experts.
expenses limit from 20K to 10k has been reduced pls let know from which date this amendment will be effected.

Regds
Prakash
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
22 July 2017 April 2016
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2017 Mam.
pls refer the below article wherein it is stated that this amendment will take effect from 01/04/2017

https://www.caclubindia.com/articles/cash-transactions-legal-backup-income-tax--30617.asp
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 July 2017 Ammendement will come in effect from April 2017 but notification issued in 2016.
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