03 January 2017
1) SECTION 285BA RULE 114E AND FORM 61A TO CLARIFY WHAT IS THE DUE DATE FOR FILING OF ANNUAL INFORMATION RETURN IN FORM 61A.
2) THE LIMIT PRESCRIBED UNDER CLAUSE 11 OF RULE 114E IN RESPECT OF RECEIPT OF CASH EXCEEDING RS. 2 LACS FOR SALE OF GOODS/SERVICES WHETHER THE SAME IS APPLICABLE FOR EACH TRANSACTION OR AGGREGATE OF RS. 2LACS OR MORE.
03 January 2017
1) as per Rule 114E(5) : The statement of financial transactions referred to in sub-rule (1) shall be furnished on or before the 31st May, immediately following the financial year in which the transaction is registered or recorded.
2) the limit applicable is per transaction as per press release date 22.12.2016
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