WHICH IS EFFECT DATE START FOR RESTRICTION ON CASH TRANSACTION LIMIT PER DAY REDUCE RS. 20000.00 TO RS. 10000.00 AS PER INCOME TAX ACT ??????????????
8 Replies
Nivedita
(SME - Finance)
(758 Points)
Replied 18 December 2018
These amendments takes effect from 1st April, 2018 and will, accordingly, apply in relation to the assessment year 2018- 19 and subsequent years.
Cross-check once!
MOHAMMED IMRAN
(1020 Points)
Replied 18 December 2018
by the finance act, 2017 with effect from 1st April, 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 December 2018
The amendment applicable from AY 18-19 (FY 17-18).
Charan Raju
(132 Points)
Replied 18 December 2018
Hi,
This Amendment is proposed in the Finance Bill, 2017. Hence, this get effective from the date 1st April, 2017.
Hope this helps!
Thanks
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 December 2018
Dear Puja Sharma.,
This amendment applicable from 1st April 2017. The amendment says Assessment Year...
This amendment applicable from 1st April 2017. The amendment says Assessment Year...
Puja Sharma
(CA)
(433 Points)
Replied 18 December 2018
Sir i also mean AY 2018-19 i.e. FY 2017-18. I quoted the same line mentioned in the Act with reference to amendment.
CA. Mayur M. Mamtora
(Chartered Accountant)
(162 Points)
Replied 19 December 2018
w.e.f FY 2017-18, i.e. 01.04.2017
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