https://www.taxtmi.com/acts?id=23558 The Bill tightens cash transaction rules by denying tax benefits for donations and capital or revenue expenditures paid in cash above specified daily thresholds unless paid by cheque, bank draft or electronic clearing; lowers the cash payment threshold in section 40A; offers reduced presumptive tax rates for turnover collected by non cash modes; and prohibits receiving large cash receipts with an equal amount penalty for contravention. en-us Wed, 01 Feb 2017 17:51:22 +0530 Wed, 01 Feb 2017 17:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23558 The Bill tightens cash transaction rules by denying tax benefits for donations and capital or revenue expenditures paid in cash above specified daily thresholds unless paid by cheque, bank draft or electronic clearing; lowers the cash payment threshold in section 40A; offers reduced presumptive tax rates for turnover collected by non cash modes; and prohibits receiving large cash receipts with an equal amount penalty for contravention. Act-Rules Bill Wed, 01 Feb 2017 17:51:22 +0530 https://www.taxtmi.com/acts?id=23558