Granting further relief in view of the pandemic, provisions of Section 269ST of Income-Tax Act, 1961 have been relaxed by the Central government, allowing hospitals and other medical facilities ...

According to section 269ST of Income Tax Act, no person shall receive an amount of Rs 2 lakh or more from a person in a day. Such norm is not applicable to electronic transactions, cheque and bank ...

Granting further relief in view of the pandemic, provisions of Section 269ST of Income-Tax Act, 1961 have been relaxed by the Central government, allowing hospitals and other medical facilities ...

Income Tax Act restricts any person to receive an amount of two lakh rupees or more in cash, from a person in a day, in respect of a single transaction or in respect of transactions relating to one ...

In a big relief to NBFCs (non-banking finance compaines) and HFCs (housing finance companies), the Income-Tax Department has come out with a clarification on the transactions that will fall under the ...

The High Court held that courts must intimate the Income Tax Department when suits involve cash transactions exceeding Rs.2 lakh. However, it ruled that a plaintiff cannot be compelled to disclose his ...

Debtors can repay their entire loan amount to any Housing finance company (HFC) or Non-banking finance company (NBFC) in cash provided each installment is less than Rs 2 lakh, according to a circular ...