Budget 2017

Friends

I have few questions and doubts. Kindly Solve this.

 

Budget was Introduced in Feb 2017. Now whether it is PASSED or not as of today? ANd if PASSED with AMENDMENTS, then where can i get the ACTUAL AMENDED copy of the Budget (Finance Budget Income Tax Updates)? Any Offcial Govt Website or link?

 

Rs.20000 limit reduced to Rs.10000

Cash Transaction 2 Lakh and above to attract 100% penalty.

and Many Charges and limits introduced by Banks.

there are the Hot Topics.

I want to know what the Correct Position. I want an Official Link or Document, to read Actual Sections.

 

Kindly Answer Soon.

Replies (3)

In short & swifly explained by FCA CS DISA  Pravin Saraswat at https://tax guru.in/income-tax/significant-income-tax-effected-finance-act-2017.H T M L

Thank You Sir.

 

Sir Can we Pay to Farmers in excess of 200000 in Cash ??

 

Also, is this Cash Limit of 200000 and Rs. 10000 for Expenses, applicable to PURCHASES too?

 

1. The clarification awaited, as the clause is inserted in notes, but not in act. Till then anything just less than 2 lakhs per day....

2. Yes, cash purchase below 10,000/- per day.

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