{"id":3214,"date":"2017-05-31T15:53:26","date_gmt":"2017-05-31T10:23:26","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3214"},"modified":"2023-09-16T23:36:11","modified_gmt":"2023-09-16T18:06:11","slug":"changes-relating-to-cash-paymentsreceipts","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/changes-relating-to-cash-paymentsreceipts\/","title":{"rendered":"Changes Relating to Cash Payments\/Receipts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e89a44179a9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e89a44179a9\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/changes-relating-to-cash-paymentsreceipts\/#CHANGES_RELATING_TO_CASH_PAYMENTSRECEIPTS\" title=\"CHANGES RELATING TO CASH PAYMENTS\/RECEIPTS\">CHANGES RELATING TO CASH PAYMENTS\/RECEIPTS<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/changes-relating-to-cash-paymentsreceipts\/#Cash_PaymentsReceipts_reporting_related_to_MCA_in_ITR_with_Effect_from_01042017\" title=\"Cash Payments\/Receipts &amp; reporting related to MCA &amp; in ITR with Effect from 01.04.2017 \u00a0\">Cash Payments\/Receipts &amp; reporting related to MCA &amp; in ITR with Effect from 01.04.2017 \u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/changes-relating-to-cash-paymentsreceipts\/#Section_269ST_Section_271D_and_other_Cash_Restrictions\" title=\"Section 269ST &amp; Section 271D and other Cash Restrictions :\u00a0\">Section 269ST &amp; Section 271D and other Cash Restrictions :\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/changes-relating-to-cash-paymentsreceipts\/#CASH_REPORTING_REQUIRED_IN_INCOME_TAX_RETURN_FORM_ITR-1_ITR-4S_INTRODUCED_FOR_AY_2017-18\" title=\"CASH REPORTING REQUIRED IN INCOME TAX RETURN FORM ITR-1 &amp; ITR-4S INTRODUCED FOR AY 2017-18\">CASH REPORTING REQUIRED IN INCOME TAX RETURN FORM ITR-1 &amp; ITR-4S INTRODUCED FOR AY 2017-18<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/changes-relating-to-cash-paymentsreceipts\/#CASH_REPORTING_AS_PER_MCA\" title=\"CASH REPORTING AS PER MCA\">CASH REPORTING AS PER MCA<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/changes-relating-to-cash-paymentsreceipts\/#Read_more_about_What_is_core_Business_Activity_GST\" title=\"Read more about: What is core Business Activity GST\">Read more about: What is core Business Activity GST<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/changes-relating-to-cash-paymentsreceipts\/#Read_more_about_Important_decisions_made_at_the_43rd_GST_Council_meeting\" title=\"Read more about: Important decisions made at the \u00a043rd GST Council\u00a0 meeting\">Read more about: Important decisions made at the \u00a043rd GST Council\u00a0 meeting<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23521\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/10\/income-tax-return-is-not-verified.jpg\" alt=\"income tax return is not verified\" width=\"831\" height=\"622\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/10\/income-tax-return-is-not-verified.jpg 640w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/10\/income-tax-return-is-not-verified-300x225.jpg 300w\" sizes=\"(max-width: 831px) 100vw, 831px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"CHANGES_RELATING_TO_CASH_PAYMENTSRECEIPTS\"><\/span><span style=\"color: #000080;\"><strong>CHANGES RELATING TO CASH PAYMENTS\/RECEIPTS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Cash_PaymentsReceipts_reporting_related_to_MCA_in_ITR_with_Effect_from_01042017\"><\/span><span style=\"color: #000080;\"><strong>Cash Payments\/Receipts &amp; reporting related to MCA &amp; in <a style=\"color: #000080;\" href=\"https:\/\/www.caindelhiindia.com\/blog\/implication-of-cash-transaction-under-income-tax-act\/\">ITR <\/a>with Effect from 01.04.2017 \u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Section 269ST which has been newly inserted provides that\u00a0<strong>no person shall receive an amount of two lakh rupees or more<\/strong>&#8211;<\/p>\n<ol>\n<li>In aggregate\u00a0<strong>from a person in a day<\/strong><\/li>\n<\/ol>\n<ol start=\"2\">\n<li>A respect of <strong>a single transaction<\/strong><\/li>\n<\/ol>\n<ol start=\"3\">\n<li>In respect of\u00a0<strong>transaction relating to one event or occasion from a person<\/strong><\/li>\n<\/ol>\n<p>Otherwise, than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account.<\/p>\n<p>The section is\u00a0<strong>not applicable<\/strong>\u00a0to the following:<\/p>\n<ul>\n<li>Government<\/li>\n<li>Any banking company<\/li>\n<li>Post office savings banks<\/li>\n<li>Co-operative banks<\/li>\n<li>Any other person as notified by the Central Government<\/li>\n<\/ul>\n<p>Transactions of the nature referred to in Section 271 DA in the Act shall provide for levy of penalty on a person who receives a sum in contravention of the provisions of the proposed section 269ST. The sum equal to the amount of receipt shall be levied as penalty by the Joint Commissioner.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_269ST_Section_271D_and_other_Cash_Restrictions\"><\/span><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24353\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/Say-No-cash-Transation.jpg\" alt=\"Say No cash Transaction\" width=\"1158\" height=\"636\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/Say-No-cash-Transation.jpg 1158w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/Say-No-cash-Transation-300x165.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/Say-No-cash-Transation-1024x562.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/Say-No-cash-Transation-768x422.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/Say-No-cash-Transation-800x439.jpg 800w\" sizes=\"(max-width: 1158px) 100vw, 1158px\" \/><span style=\"color: #000080;\"><strong>Section 269ST &amp; Section 271D and other Cash Restrictions :\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>Relating to Cash Receipts<\/strong><\/span><\/p>\n<p><em>1)<\/em>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em><span style=\"text-decoration: underline;\">The provision restricts the receipt of cash above Rs. 2 lacs:<\/span><\/em><\/p>\n<p>Any person who receives above Rs. 2 lacs in cash will be liable to penalty equivalent to the amount received\u00a0however there is no restriction on payment of cash under this section.<\/p>\n<p><em>2)<\/em>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em><span style=\"text-decoration: underline;\">Receiving cash in a day from a person above Rs. 2 lacs is not allowed:<\/span><\/em><\/p>\n<p>The cash receipt of more than Rs. 2 lacs from a single person in\u00a0<strong>a day<\/strong>\u00a0is not allowed even though the amount has been paid in multiple transactions during the day.<\/p>\n<p><em>3)<\/em>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em><span style=\"text-decoration: underline;\">Receipt exceeding Rs. 2 lacs for a single transaction or single event is not allowed.<\/span><\/em><\/p>\n<p><span style=\"color: #000080;\"><strong>Relating to Cash Payments<\/strong><\/span><\/p>\n<p><em>1)<\/em>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em><span style=\"text-decoration: underline;\">Cash Payments above Rs. 10000\/-:<\/span><\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25433\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/treatment-of-cash-payment.-.jpg\" alt=\"treatment of cash payment.\" width=\"1063\" height=\"764\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/treatment-of-cash-payment.-.jpg 1063w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/treatment-of-cash-payment.--300x216.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/treatment-of-cash-payment.--1024x736.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/treatment-of-cash-payment.--768x552.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/treatment-of-cash-payment.--800x575.jpg 800w\" sizes=\"(max-width: 1063px) 100vw, 1063px\" \/><\/p>\n<p>The earlier provision U\/S 40A(3) restricting cash payments above Rs. 20000\u00a0<strong>for business purposes <\/strong>has also been amended.\u00a0The limit for payment of expenses by Cash for both Capital and Revenue expenditure has been reduced from\u00a0Rs. 20000 to Rs. 10000 per day in aggregate per person.<\/p>\n<p><em>2)<\/em>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em><span style=\"text-decoration: underline;\">N<\/span><\/em><em><span style=\"text-decoration: underline;\">ow cash payments above Rs. 10,000\/- shall not be allowed as expense in the <a href=\"https:\/\/carajput.com\/income-tax-services.php\">income tax return.<\/a><\/span><\/em><\/p>\n<p>For Capital Expenditure the depreciation shall not be allowed on Capital Asset in case of payment made in cash.<\/p>\n<p><em>3)<\/em>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em><span style=\"text-decoration: underline;\">Cash donations exceeding Rs.2, 000 will\u00a0not be eligible for education\u00a0under\u00a0Section 80G.<\/span><\/em><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Consequently:<\/strong><\/span><\/p>\n<ol>\n<li>The limit for receipt of amount in Cash has been prescribed as 2, 00,000.<\/li>\n<\/ol>\n<ol start=\"2\">\n<li>In case of violation of such provision equivalent penalty shall be leviable U\/s 271DA of <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax Act.<\/a><\/li>\n<\/ol>\n<ol start=\"3\">\n<li>If a person accepts amount of Rs.2, 00,000 or more<\/li>\n<\/ol>\n<p>\uf0b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0By Cash either in one transaction or<\/p>\n<p>\uf0b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0From one person in aggregate in a day or<\/p>\n<p>\uf0b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0In relation to one event or occasion from a person<\/p>\n<p>He \/she shall be liable for equivalent amount of penalty under Section 271DA.<\/p>\n<ol start=\"4\">\n<li>Since cash receipts exceeding Rs. 2 lacs have been made liable for equivalent penalty the TCS provisions requiring collection of tax @ 1% on cash sales exceeding Rs. 5 lacs in case of bullion\/jewellery and Rs. 2 lacs in case of other goods\/ services has been withdrawn.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"CASH_REPORTING_REQUIRED_IN_INCOME_TAX_RETURN_FORM_ITR-1_ITR-4S_INTRODUCED_FOR_AY_2017-18\"><\/span><span style=\"color: #000080;\"><strong><span style=\"text-decoration: underline;\">CASH REPORTING REQUIRED IN <a style=\"color: #000080; text-decoration: underline;\" href=\"https:\/\/carajput.com\/income-tax-services.php\">INCOME TAX RETURN<\/a> FORM ITR-1 &amp; ITR-4S INTRODUCED FOR AY 2017-18<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>CBDT notified the ITR forms for assessment year 2017-18 on 1<sup>st<\/sup>\u00a0April 2017. ITR form 1 which is for person having taxable income less than 50lacs and ITR 4S for deemed income under Section 44AD are introduced requiring declaration of cash deposited during demonetization period i.e. 09.11.16 to 31.12.16.<br \/>\nColumn Part-E of the ITR-1 form is added requiring information on cash deposits during such period if the &#8220;aggregate cash deposits&#8221; during this period were Rs 2 lakhs or more.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"CASH_REPORTING_AS_PER_MCA\"><\/span><span style=\"color: #000080;\"><strong><span style=\"text-decoration: underline;\">CASH REPORTING AS PER MCA<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Ministry of Corporate Affairs has made amendment in the Companies Act, 2013 to add provisions for\u00a0Companies\u00a0\u00a0to\u00a0\u00a0disclose details of SBN in balance sheet held and transacted during demonetization period from 08-11-2016 to 30-12-2016.<\/p>\n<p><strong>\u00a01) The following clause shall be inserted in Schedule III, in Division I, in Part I under the heading \u201cGeneral instructions for preparation of Balance Sheet\u201d in paragraph 6:<\/strong><\/p>\n<p><em>\u201cEvery company shall disclose the details of Specified Bank Notes<\/em><em>\u00a0<strong>(SBN)\u00a0<\/strong>held and transacted during the period from 8th November, 2016 to 30th December, 2016 as provided in the Table below:<\/em><\/p>\n<table style=\"height: 289px;\" width=\"818\">\n<tbody>\n<tr>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>SBNs<\/strong><\/td>\n<td><strong>Other Denomination Notes<\/strong><\/td>\n<td><strong>Total<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Closing cash in hand as on 08.11.2016<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>(+) Permitted receipts<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>(-) Permitted payments<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>(-) Amount deposited in Banks<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>Closing cash in hand as on 30.12.2016<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>For the purposes of this clause, the term<\/em><em>\u00a0<strong>\u2018Specified Bank Notes\u2019<\/strong>\u00a0shall have the same meaning provided in the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E), dated the 8th November, 2016.\u201d.<\/em><\/p>\n<p><strong>2) The following clause shall be inserted in the principal Act, in Schedule III, in Division II, in Part I under the heading \u201cGeneral instructions for preparation of Balance Sheet\u201d in paragraph 6:<\/strong><\/p>\n<p><em>\u00a0\u201cEvery company shall disclose the details of Specified Bank Notes (SBN) held and transacted during the period 08\/11\/2016 to 30\/12\/2016 as provided in the Table below:<\/em><\/p>\n<table style=\"height: 290px;\" width=\"947\">\n<tbody>\n<tr>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>SBNs<\/strong><\/td>\n<td><strong>Other Denomination Notes<\/strong><\/td>\n<td><strong>Total<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Closing cash in hand as on 08.11.2016<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>(+) Permitted receipts<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>(-) Permitted payments<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>(-) Amount deposited in Banks<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>Closing cash in hand as on 30.12.2016<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u00a0<\/strong><em>For the purposes of this clause, the term \u2018Specified Bank Notes\u2019 shall have the same meaning provided in the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E), dated the 8th November, 2016.\u201d.<\/em><\/p>\n<p><strong>3) MCA has also\u00a0<\/strong><strong>made amendments in the Companies (Audit and Auditors) Rules, 2014 to<\/strong><strong>\u00a0add provisions for auditors to report on company disclosure of SBN during demonetization period from 08-11-2016 to 30-12-2016.<\/strong><\/p>\n<p><strong>In rule 11, the following clause shall be inserted:<\/strong><\/p>\n<p><em>\u201cWhether the company had provided requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from 8th November, 2016 to 30th December, 2016 and if so, whether these are in accordance with the books of accounts maintained by the company.\u201d<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24663\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/cash..jpg\" alt=\"cash \" width=\"1080\" height=\"907\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/cash..jpg 1080w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/cash.-300x252.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/cash.-1024x860.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/cash.-768x645.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/05\/cash.-800x672.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Read_more_about_What_is_core_Business_Activity_GST\"><\/span><strong><em><u>Read more about: <\/u><\/em><em><a href=\"https:\/\/carajput.com\/blog\/what-is-core-business-activity-in-gst\/\">What is core Business Activity GST<\/a><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Read_more_about_Important_decisions_made_at_the_43rd_GST_Council_meeting\"><\/span><strong><em><u>Read more about: <\/u><\/em><em><a href=\"https:\/\/carajput.com\/blog\/43rd-gst-council-meeting\/\">Important decisions made at the \u00a043<sup>rd<\/sup> GST Council\u00a0 meeting<\/a><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>FOR FURTHER QUERIES CONTACT US: W:\u00a0<a href=\"https:\/\/carajput.com\/\">www.carajput.com\u00a0<\/a> \u00a0E:<a href=\"https:\/\/carajput.com\/\"> singh@carajput.com <\/a>\u00a0 T:\u00a0 9-555-555-480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHANGES RELATING TO CASH PAYMENTS\/RECEIPTS Cash Payments\/Receipts &amp; reporting related to MCA &amp; in ITR with Effect from 01.04.2017 \u00a0 Section 269ST which has been newly inserted provides that\u00a0no person shall receive an amount of two lakh rupees or more&#8211; In aggregate\u00a0from a person in a day A respect of a single transaction In respect &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,150,172,9,4],"tags":[5116,5115,535,5114,5117],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3214"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3214"}],"version-history":[{"count":6,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3214\/revisions"}],"predecessor-version":[{"id":25435,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3214\/revisions\/25435"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}