Tag: sections 269ST and 271DA

CA Vinay Kawdia has examined the entire law applicable to sections 269ST and 271DA of the Income-tax Act, 1961. These provisions were inserted by the Finance Act 2017 to prohibit specified cash transactions and levy a penalty for contravention. The author has analyzed numerous judgements and explained with clarity the precise impact of these provisions

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The numerous amendments made by the Finance Act 2017 to curb the usage of cash in business transactions has serious implications for taxpayers. CA Jyoti Gupta has conducted a systematic analysis of these provisions with special emphasis on sections 269ST and 271DA and explained all of their nuances

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