Income Tax is a tax paid to the government for the development of our nation in respect of Infrastructure Developments; or any other medical facilities; necessities from the income earned by us. It is a kind of expense we pay to live in the civilized society. There is a prescribed limit of income on which Government […]
Limit for payment of expenses by cash (Both capital and revenue expenditure) reduced from Rs. 20,000 to Rs. 10,000 per day in aggregate per person. No Person shall receive an amount of Rs. 2,00,000/- or more, by cash (Sec 269ST). For below Rs. 2 crores turnover cases – For Non cash sales (through Digital, Online, […]