Restrictions on Cash transactions - Under the Provisions of Income Tax Law (E-Book)

This 2nd Edition (2025) of Restrictions on Cash Transactions under the Provisions of Income Tax Law by Ram Dutt Sharma provides a clear and detailed explanation of the various restrictions, limits, and compliance requirements relating to cash transactions under the Income Tax Act, 1961, updated with all amendments introduced by the Finance Act, 2025.

The book is an essential guide for understanding the statutory provisions, penalties, and exceptions related to cash dealings, helping taxpayers and professionals ensure compliance and avoid legal consequences.

Key highlights include:

• Comprehensive coverage of Sections 40A(3), 269SS, 269ST, 269T, and other relevant provisions imposing restrictions on cash transactions

• Detailed analysis of threshold limits, modes of payment, and permissible exceptions

• Penalties for non-compliance under Sections 271D, 271E, and 271DA with illustrative cases

• Impact of Finance Act, 2025 amendments on cash transaction provisions

• Step-by-step guidance on permissible cash transactions in business, profession, and personal dealings

• Judicial pronouncements from Supreme Court, High Courts, and ITAT clarifying the scope of restrictions

• CBDT circulars and notifications for quick reference

• Special focus on cash loans, deposits, repayment restrictions, and provisions applicable to charitable institutions

• Practical compliance tips to avoid penalties and litigation

• Real-life examples illustrating applicability in different business scenarios

This edition is particularly valuable for:

• Chartered accountants, company secretaries, and tax consultants advising clients on cash compliance

• Business owners and professionals managing high-volume transactions

• Students of taxation and competitive exam aspirants

• Officials of the Income Tax Department handling assessments and penalty proceedings

With its practical approach, updated legal references, and illustrative guidance, this book is a must-have resource for anyone dealing with the implications of cash transactions under Indian income tax law.