TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 269ST: Ban on Cash Transactions Over 3 Lakh Rupees; Only Cheques, Drafts, or Electronic Transfers Allowed</h1> Section 269ST of the Income-tax Act, introduced by Clause 83 of the Finance Bill, 2017, prohibits any person from receiving amounts of three lakh rupees or more in aggregate from a person in a day, for a single transaction, or for transactions related to one event or occasion, unless through an account payee cheque, bank draft, or electronic clearing system. Exceptions include transactions involving the Government, banking companies, post office savings banks, co-operative banks, and certain specified transactions. The amendment became effective from April 1, 2017.
TaxTMI 
TaxTMI 
