Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Cash receipt in excess of ₹ 3 Lakh., Income Tax

Issue Id: - 111478
Dated: 8-2-2017
By:- CA AJAY KUMAR AGRAWAL
Cash receipt in excess of ₹ 3 Lakh.

  • Contents

As per proposal in Finance Bill 2017, a new section 269ST has been inserted prohibiting receipt of cash in excess of ₹ 3 Lakh. Banks / FIs / NBFCs have been exempted. (I feel these are exempted in both capacity i.e .as payer & payee as well) Whether cash withdrawal from bank (by ordinary person) in excess of ₹ 3 Lakh is also covered?

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 10-2-2017
By:- MARIAPPAN GOVINDARAJAN

Clarification in this regard is expected from RBI


1

Old Query - New Comments are closed.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||