<h1>New Budget Proposes Tax on Cash Payments Over Rs. 10,000 to Boost TDS Compliance and Audit Trail.</h1> The Union Finance and Corporate Affairs Minister announced stricter controls on cash flow for companies, proposing that payments exceeding Rs. 10,000 in cash by entities be disallowed and taxed to control the cash economy and enhance TDS compliance. The proposal, part of the General Budget 2018-19, aims to ensure an audit trail of expenses by disallowing cash expenditures by trusts and institutions, whose income is typically tax-exempt if used per the Income-tax Act. Additionally, non-deduction of tax will result in 30% of the amount being disallowed and taxed.