Directions under section 119 of the Income-tax Act, 1961—regd.

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..... ntry has encouraged people to shift towards digital mode of payment while making financial transactions. By adopting digital mode of payment, no financial transactions would remain undisclosed and consequently an enhanced turnover of business might get reflected in the books of account. Under the circumstances, an apprehension has been raised that increased turnover in the current year may lead to .....

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..... eased. 3. The above may be brought to the notice of all for necessary and strict compliance. 4. Hindi version to follow. (Sd.) . . . . . . . . Rohit Garg, Director-ITA.II, CBDT. [F. No. 225/326/2016/ITA.II)] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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