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

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

24 July 2017 Ammendement will come in effect from April 2017 but notification issued in 2016.


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