WHICH IS EFFECT DATE START FOR RESTRICTION ON CASH TRANSACTION LIMIT PER DAY REDUCE RS. 20000.00 TO RS. 10000.00 AS PER INCOME TAX ACT ??????????????
niloy sanyal (account manager) (777 Points)
18 December 2018WHICH IS EFFECT DATE START FOR RESTRICTION ON CASH TRANSACTION LIMIT PER DAY REDUCE RS. 20000.00 TO RS. 10000.00 AS PER INCOME TAX ACT ??????????????
Nivedita
(SME - Finance)
(758 Points)
Replied 18 December 2018
MOHAMMED IMRAN
(1020 Points)
Replied 18 December 2018
RAJA P M
("Do the Right Thing...!!!")
(127171 Points)
Replied 18 December 2018
Charan Raju
(132 Points)
Replied 18 December 2018
Hi,
This Amendment is proposed in the Finance Bill, 2017. Hence, this get effective from the date 1st April, 2017.
Hope this helps!
Thanks
RAJA P M
("Do the Right Thing...!!!")
(127171 Points)
Replied 18 December 2018
Puja Sharma
(CA)
(433 Points)
Replied 18 December 2018
Sir i also mean AY 2018-19 i.e. FY 2017-18. I quoted the same line mentioned in the Act with reference to amendment.
CA. Mayur M. Mamtora
(Chartered Accountant)
(162 Points)
Replied 19 December 2018
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