https://www.taxtmi.com/news?id=17769 Presidential assent makes the Finance Bill 2017 effective immediately, advancing Budget implementation. It imposes a cash transaction ceiling with a penalty equal to the transaction payable by the recipient, and mandates Aadhaar linking for PAN issuance and income tax filing, with existing PAN holders required to intimate Aadhaar in a notified manner. The Bill requires company donations to electoral trusts to be made by cheque, draft or electronic transfer with disclosure in profit and loss, contemplates bearer electoral instruments with notified rules, and dissolves several appellate tribunals with functions reallocated to existing bodies. en-us Sat, 01 Apr 2017 18:56:04 +0530 Sat, 01 Apr 2017 18:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17769 Presidential assent makes the Finance Bill 2017 effective immediately, advancing Budget implementation. It imposes a cash transaction ceiling with a penalty equal to the transaction payable by the recipient, and mandates Aadhaar linking for PAN issuance and income tax filing, with existing PAN holders required to intimate Aadhaar in a notified manner. The Bill requires company donations to electoral trusts to be made by cheque, draft or electronic transfer with disclosure in profit and loss, contemplates bearer electoral instruments with notified rules, and dissolves several appellate tribunals with functions reallocated to existing bodies. News - Sat, 01 Apr 2017 18:56:04 +0530 https://www.taxtmi.com/news?id=17769