Understanding Disallowable Expenses Under Section 40 A of Income Tax Act
Learn which expenses under section 40 A are disallowable and how to ensure your transactions are tax-deductible.
Understanding Section 269ST of the Income Tax Act: Cash Transaction Limits
Learn about Section 269ST of the Income Tax Act, which restricts cash transactions over ₹2 lakh and the penalties for non-compliance.
Understanding the 5% Cash Limit for Tax Audits: What You Need to Know
Learn about the 5% cash limit for tax audits and how it impacts financial compliance and record-keeping requirements.
Understanding Section 40A: Disallowed Expenses Beyond ₹10,000
Learn about Section 40A of the Income Tax Act and its disallowance of expenses over ₹10,000 paid in cash.
Understanding Section 40A(3) of the Income Tax Act: Cash Payment Limit Explained
Learn about Section 40A(3) of the Income Tax Act, which restricts cash payments over ₹10,000 for business expenses.