Income Tax Updates By- CA ARPIT YADAV

MAJOR AMENDMENTS IN INCOME TAX APPLICABLE FOR A.Y. 2018-19 1. Limit for payment of expenses by cash (Both capital and revenue expenditure) reduced from RS. 20,000 to RS. 10,000 per day in aggregate per person. 2. No Person shall receive an amount of two lakh rupees or more, by cash (Sec 269ST). 3. For below […]