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SECTION 271DA
₹80 lakh cash loan row: Madras HC refuses to force PAN disclosure, sends papers to I-T deptThe Madras High Court has sent case files concerning an Rs 80 lakh cash loan to the Income Tax Department for scrutiny. The court ruled tha...- From Rs.20,000 to Rs.2 lakh: Check the cash transaction limits that can trigger 100% income tax penalties
- Pay more than Rs 20,000 in cash for these transactions and get ready to pay up to 100% penalty, says tax deptThe Income Tax Department warns against excessive cash transactions, citing penalties for violations under Sections 271DD, 269SS, 269ST, an...
- These cash transactions may attract up to 100% penalty by Income Tax DepartmentPenalty on cash transactions: Recently in a brochure the Income Tax Department has said that taxpayers should avoid using cash for their da...
- Vivad Se Vishawas Scheme 2024: Income Tax Department releases new FAQs on eligibility, tax amount payable; Check details hereVivad Se Vishwas Scheme 2024: You can settle your pending income tax litigation cases by appling for Vivad Se Vishwas Scheme 2024. The Mini...
- 5 HRA tax exemption proofs you must have in case income tax dept asksHRA tax exemption documents, proofs: House Rent Allowance (HRA) is generally part of an individual's salary structure. To save tax on rent ...
- Claiming HRA tax exemption? This is what your rent agreement should includeRent agreement for HRA tax exemption: Employers must collect supporting documents, such as rent receipts, in order to provide the HRA deduc...
- Budget 2019 proposes to levy 2% TDS on cash withdrawal of over Rs 1 croreRumours were already doing the rounds that the government will introduce such a tax.
- When to say 'No' to cashThe move to curb cash transactions above a threshold is aimed at curbing black money and promoting digital economy.
- Why FM Arun Jaitley needs to clarify the cash transactions law in Budget 2018While government's intent is to curb the circulation of black money - there are a few grey areas on the applicability of Section 269ST whic...
- Measures taken by government to track your money movesOver the last one year, the government has introduced various measures to track your money. Here are a few of those initiatives.
- You can repay your entire loan in cash, provided each instalment is less than Rs 2 lakhThe finance ministry issued a circular clarifying that the prohibition of cash payment would only apply to repayment of a single loan insta...
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