Restrictions on Cash Transactions under Income Tax Law | RAM DUTT SHARMA | Commercial Law Publishers | 2022 Paperback Edition

This book by Ram Dutt Sharma provides a detailed analysis of the restrictions on cash transactions under the Income Tax Law. It highlights the legal framework and provisions related to cash transactions, including limits on cash payments, penalties for violations, and the impact on taxpayers and businesses.

Key Features:

• Cash Transaction Rules: A comprehensive guide to understanding the regulations surrounding cash transactions in India under the Income Tax Law.
• Limits and Thresholds: Detailed explanation of the prescribed limits for cash payments, withdrawals, and deposits.
• Penalties for Non-Compliance: Information on penalties and consequences for exceeding the allowed limits of cash transactions.
• Impact on Businesses: Analysis of how these restrictions affect businesses, especially small and medium enterprises, and the necessary adjustments they need to make.
• Recent Amendments: Covers the latest amendments to the Income Tax Law regarding cash transactions.
• Practical Examples: Real-life case studies and practical examples to help readers understand the application of these restrictions.
• Target Audience: Ideal for tax professionals, business owners, financial consultants, and individuals looking to navigate the complexities of cash transaction restrictions under the Income Tax Law.

This book serves as an essential reference for anyone looking to understand the legal nuances of cash transactions in India, ensuring compliance with tax laws and avoiding penalties.