Cash Transaction Over 2 Lakh
- All
- News
-
Top Court Issues Directions To Implement Rs 2 Lakh Cap On Cash Transactions
When there is a law in place, it has to be enforced, the Supreme Court said on Wednesday while expressing concern over the unsatisfactory implementation of provisions of the Finance Act 2017 which capped the limit of cash transactions to Rs two lakh.
-
Delhi Cop Loses Over Rs 2 Lakh In Online Scam, 4 Arrested
Four people, including a couple, were arrested for allegedly cheating a Delhi Police official of over Rs 2 lakh on the pretext of receiving a cash back on an online transaction, officials said on Sunday.
-
Paying Cash Over The Limit At Hospitals, Banquet Halls, Can Land You In Trouble
Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.
-
For Cash Deposits Of Over Rs 20 Lakhs In A Year, Change In Rules
Depositing more than Rs 20 lakh a year, one will now need to present their PAN details as well as their Aadhaar card mandatorily.
-
Loans, Card Payments Above Rs 2 Lakh In Cash To Be Shown In ITR
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation have to be disclosed in the Income Tax return form.
-
Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government
In his budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs.
-
Report Cash Receipt Over Rs 2 Lakh In Single Transaction: Tax Department
The Income Tax department clarified that businesses and traders receiving cash exceeding Rs 2 lakh in any single transaction for sale of goods and services are required to report it to the authorities.
-
PAN Must for Cash Payment of Hotel Bill Over Rs 50,000 from Januray 1
Besides, PAN will be a must for all transactions, including purchase of jewellery, above Rs 2 lakhs in cash or through card with effect from January 1, 2016, the Finance Ministry said in a notification.
-
Top Court Issues Directions To Implement Rs 2 Lakh Cap On Cash Transactions
When there is a law in place, it has to be enforced, the Supreme Court said on Wednesday while expressing concern over the unsatisfactory implementation of provisions of the Finance Act 2017 which capped the limit of cash transactions to Rs two lakh.
-
Delhi Cop Loses Over Rs 2 Lakh In Online Scam, 4 Arrested
Four people, including a couple, were arrested for allegedly cheating a Delhi Police official of over Rs 2 lakh on the pretext of receiving a cash back on an online transaction, officials said on Sunday.
-
Paying Cash Over The Limit At Hospitals, Banquet Halls, Can Land You In Trouble
Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.
-
For Cash Deposits Of Over Rs 20 Lakhs In A Year, Change In Rules
Depositing more than Rs 20 lakh a year, one will now need to present their PAN details as well as their Aadhaar card mandatorily.
-
Loans, Card Payments Above Rs 2 Lakh In Cash To Be Shown In ITR
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation have to be disclosed in the Income Tax return form.
-
Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government
In his budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs.
-
Report Cash Receipt Over Rs 2 Lakh In Single Transaction: Tax Department
The Income Tax department clarified that businesses and traders receiving cash exceeding Rs 2 lakh in any single transaction for sale of goods and services are required to report it to the authorities.
-
PAN Must for Cash Payment of Hotel Bill Over Rs 50,000 from Januray 1
Besides, PAN will be a must for all transactions, including purchase of jewellery, above Rs 2 lakhs in cash or through card with effect from January 1, 2016, the Finance Ministry said in a notification.
