Follow Us :

Section 269ST

Latest Articles


Legitimacy of repayments through Journal Entries – Whether liable to penalty?

Income Tax : Explore the impact of Income Tax Sections 269SS, 269ST, 269SU, and 269T on transactions via Journal/Book Entries. Learn about legi...

February 27, 2024 4887 Views 0 comment Print

Income Tax: Cash in hand, with limits to understand- Part 1

Income Tax : Explore provisions and penalties in the Income Tax Act 1961 regarding cash transactions. Understand limits for loans, deposits, an...

January 2, 2024 5733 Views 1 comment Print

Prohibited transaction in cash/limit on cash transactions

Income Tax : Discover why Section 40A(3) limits cash payments and promotes a cashless economy, including reduction of black money generation. P...

November 1, 2023 19812 Views 0 comment Print

Income Tax Practices: Common Mistakes and Solutions

Income Tax : Explore crucial issues in income tax practices, including Section 44AD, TDS obligations, LTCG exemptions, cash deposits, and tax d...

September 18, 2023 4635 Views 0 comment Print

Beware of Cash Transaction under Income Tax Act

Income Tax : Discover the legal constraints around cash transactions under India's Income Tax Act. Learn about the various sections that impose...

September 11, 2023 5937 Views 0 comment Print


Latest News


Clean Transactions, Cleaner Economy, Go Cashless, Go Clean

Income Tax : DON’T √ Accept cash of Rs.  2,00,000 or more in aggregate from a single person in a day or for one or more transactions r...

March 1, 2019 1392 Views 0 comment Print

Section 269ST Restriction on cash transactions– Certain concerns

Income Tax : In order to achieve the mission of the Government to move towards a less cash economy to reduce generation and circulation of blac...

January 27, 2018 21609 Views 0 comment Print

ICAI President’s Message – May 2017 on GST, Tax Changes etc.

CA, CS, CMA : The Finance Bill, 2017 proposed an insertion of Section 271J in the Income-tax Act, 1961. Considering the undue hardships to be ca...

April 29, 2017 3276 Views 0 comment Print

Cash withdrawals from bank do not attract Section 269ST Penalty

Income Tax : It has also been decided that the restriction on cash transaction under section 269ST shall not apply to withdrawal of cash from ...

April 5, 2017 55776 Views 10 comments Print

Section 269ST- Restriction on cash transactions -Certain concerns to be addressed

Income Tax : In order to achieve the mission of the Government to move towards a less cash economy to reduce generation and circulation of blac...

March 6, 2017 39291 Views 4 comments Print


Latest Notifications


CBDT issues corrigendum to notification related to Cash payment to hospital

Income Tax : CBDT issues Corrigendum to Notification No. 56/2021-Income Tax Dated: 7th May, 2021 and  stated that word ‘payee ‘to ...

May 10, 2021 1773 Views 0 comment Print

Section 269ST relaxation on cash payment to hospitals

Income Tax : Hospitals / medical facilities providing #COVID19 treatment to patients can now receive cash payments even higher than ₹ 2 lakh....

May 7, 2021 34500 Views 1 comment Print

CBDT notifies more modes of e-payments; 6DD limit reduced to ₹ 10000

Income Tax : Notification No. 8/2020-Income-Tax- CBDT has notified Other electronic modes by inserting New Income TAx Rule 6ABBA. It also amend...

January 29, 2020 12597 Views 0 comment Print

Transaction on which provision of section 269ST shall not apply

Income Tax : Central Government hereby specifies that the provision of section 269ST shall not apply to the following, namely: (a) receipt by a...

July 3, 2017 16791 Views 0 comment Print

Section 269ST not applies to receipt from bank or post office

Income Tax : CBDT notified that Section 269ST not applies to cash receipt from banking company, post office savings bank or co-operative bank....

April 5, 2017 13413 Views 1 comment Print


Latest Posts in Section 269ST

Legitimacy of repayments through Journal Entries – Whether liable to penalty?

February 27, 2024 4887 Views 0 comment Print

Explore the impact of Income Tax Sections 269SS, 269ST, 269SU, and 269T on transactions via Journal/Book Entries. Learn about legislative framework, judicial interpretations, and penalties.

Income Tax: Cash in hand, with limits to understand- Part 1

January 2, 2024 5733 Views 1 comment Print

Explore provisions and penalties in the Income Tax Act 1961 regarding cash transactions. Understand limits for loans, deposits, and repayments to avoid penalties.

Prohibited transaction in cash/limit on cash transactions

November 1, 2023 19812 Views 0 comment Print

Discover why Section 40A(3) limits cash payments and promotes a cashless economy, including reduction of black money generation. Prohibited transaction in cash/limit on cash transactions.

Addition u/s 69A deleted as receipt of gifts in cash on various occasions is common in India

October 30, 2023 972 Views 0 comment Print

ITAT Delhi held that assessee belonging to upper higher strata of society receipt of gifts in the shape of cash “shaguns” on various occasions such as marriages, birthdays, anniversaries, birth of a child, auspicious festivals and other such occasions is common. Accordingly, addition towards unexplained money u/s 69A deleted.

Income Tax Practices: Common Mistakes and Solutions

September 18, 2023 4635 Views 0 comment Print

Explore crucial issues in income tax practices, including Section 44AD, TDS obligations, LTCG exemptions, cash deposits, and tax deductions under Section 80G in India.

Beware of Cash Transaction under Income Tax Act

September 11, 2023 5937 Views 0 comment Print

Discover the legal constraints around cash transactions under India’s Income Tax Act. Learn about the various sections that impose limits and penalties on cash dealings.

Analysis of Section 269SS, 269ST & 269T of the Income Tax Act

September 9, 2023 22815 Views 0 comment Print

Explore intricacies of Sections 269SS, 269T, and 269ST of Income Tax Act, 1961. Learn how these sections aim to curb cash transactions and tax evasion.

Section 269ST apply to undisclosed income declared during survey proceedings

September 7, 2023 1635 Views 0 comment Print

ITAT Ahmedabad held that provisions of Section 269ST of the Income Tax Act 1961 would apply to undisclosed income which was declared during the survey proceedings.

Implication of Cash transactions under Income Tax Act, 1961

September 1, 2023 7260 Views 0 comment Print

Through Income tax Act, 1961 cash transaction has been limited, restricted in certain cases. In this article you will get insights about how much you are allowed to transact in cash.

Unexplained investment addition in one co-owner unsustainable if no addition in other co-owners

May 24, 2023 1641 Views 0 comment Print

ITAT Surat held that addition as unexplained investment in the hands of one of the co-owner unsustainable as department didn’t made proportionate addition in the hands of other co-owners.

Search Post by Date
March 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031