Cash Transactions

Reporting Cash Transactions under Rule 114E of Income Tax Rules, 1962 Rule 114E of Income-Tax Rules, 1962, for furnishing Statement of Financial Transactions (SFT) came into force with effect from 1st April, 2016. Any person who is liable for audit under section 44AB of the Income-Tax Act, 1961 is required to furnish a statement in respect of transaction at serial no. 11 of … [Read more...] about Reporting Cash Transactions under Rule 114E of Income Tax Rules, 1962