Know When to Say No to Cash Transactions
Author: CA. R.S. Kalra
Year: 2025
About the Book:
This book is a comprehensive guide that highlights the legal and compliance implications surrounding cash transactions under various Indian laws. It meticulously explains restrictions, penalties, and reporting obligations associated with the use of cash in commercial and personal transactions. Designed to assist professionals and taxpayers in avoiding unintended non-compliance, the book also covers relevant provisions of the Income-tax Act, GST, Companies Act, and more.
Key Features:
-
Exhaustive discussion on penal consequences under the Income-tax Act for cash receipts, payments, donations, and expenditures.
-
Covers section-wise implications such as Sections 40A(3), 269SS, 269T, 269ST, and 271DA.
-
Explains the legal ceiling limits for cash transactions in various statutes.
-
Guidance on statutory reporting, audit checklists, and documentation best practices.
-
Practical illustrations to understand how cash restrictions operate in real-world scenarios.
-
Includes latest circulars, notifications, and judicial pronouncements.
Ideal For:
-
Chartered Accountants and Tax Consultants
-
Finance Managers and Compliance Officers
-
Corporate Executives and Business Owners
-
Audit Professionals and Legal Advisors
-
Students of Law and Commerce
Hashtags:
#cashtransactions #taxcompliance #incometax #audit #financiallaw #rsKalra #bharatlawhouse #taxrestrictions #caindia #9789356036451
Caveat Legalis: Description based on available details—interpret with due diligence!