
- By Authored by CA Manish Gupta
- Category Income Tax
- Views 363
Section 194N provides that the tax is mandatorily required to be deducted if the amount of cash withdrawn during the year from a banking company or co-operative bank, or post-office from one or more accounts maintained by the taxpayer exceeds
- By Authored by CA Manish Gupta
- Category Income Tax
- Views 220
- By Admin
- Category Income Tax
- Views 392
- A Statement of Financial Transactions (SFT) is supposed to be furnished in a prescribed form/ manner by a class of specified persons (reporting persons) as per the Income Tax Act. A new sub-rule 5A has been inserted under Rule 114E, identifying additional reporting requirements by a person's class.
- The frequency and manner of furnishing the statement of the financial transaction are to be specified.
- By Admin
- Category Income Tax
- Views 663
- By Admin
- Category Income Tax
- Views 345