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Cash Transaction – Limit & Penalty – under Income Tax Act

Cash Transaction – Limit & Penalty – under Income Tax Act

by Sakshi | Jan 8, 2023 | INCOME TAX

The Finance Act 2017, took various measures to restrain black money and as an outcome of these measures, a new Section 269ST was inserted in the Income Tax Act. Section 269ST imposed restriction on a cash transaction and limited it to Rs.2 Lakhs per day. Section 269ST...

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