NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial forex uutiset and risk advisory. Otherwise, than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account. Transactions of the nature referred to in Section 271 DA in the Act shall provide for levy of penalty on a person who receives a sum in contravention of the provisions of the proposed section 269ST. The provision restricts the receipt of cash above Rs.
Any person who receives above Rs. Receiving cash in a day from a person above Rs. The cash receipt of more than Rs. 2 lacs for a single transaction or single event is not allowed. The limit for payment of expenses by Cash for both Capital and Revenue expenditure has been reduced from Rs. 10000 per day in aggregate per person.
For Capital Expenditure the depreciation shall not be allowed on Capital Asset in case of payment made in cash. 2,000 will not be eligible for education under Section 80G. The limit for receipt of amount in Cash has been prescribed as 2,00,000. If a person accepts amount of Rs. ITR form 1 which is for person having taxable income less than 50lacs and ITR 4S for deemed income under Section 44AD are introduced requiring declaration of cash deposited during demonetization period i. Column Part-E of the ITR-1 form is added requiring information on cash deposits during such period if the “aggregate cash deposits” during this period were Rs 2 lakhs or more. Companies to disclose details of SBN in balance sheet held and transacted during demonetization period from 08-11-2016 to 30-12-2016.
Specified Bank Notes’ shall have the same meaning provided in the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S. SBN during demonetisation period from 08-11-2016 to 30-12-2016. 50000 is it possible that i get the money in cash without any penalty in GST. At a basic level, having a cash management plan means having an understanding of the 7 key drivers of any business’ cash flow. We Offer Pay Day Loans, Short Term Personal Loans and Long Term Personal Loans. What is the limit of cash payment to professors doing examination duties?
Is the amount received to do duties related to examination taxable? You’ve got some interesting points in this article. I would have never considered any of these if I didn’t come across this. Quick arrangements for instant cash must be made and loans seem to be the most feasible option for such arrangements. The blog has a to a great degree limit center that augments, shockingly into extensive variety of concerns. Sir can a dealer receive Rs 8. You have given very useful information.