CBDT clarifies its stand on section 269ST – NBFCs will breathe a sigh of relief
By Abhirup Ghosh (abhirup@vinodkothari.com) One of the major highlights of the Finance Budget 2017 was the introduction of section 269ST of the Income Tax Act, 1961. The section was introduced with an intention to curb black money by reducing the scope of large ticket size cash transactions in the economy. As per the provisions of […]