A note on restrictions imposed on cash transactions vide Section 269ST of the Income Tax Act, 1961 w.e.f. 01.04.2017 is discussed in the attached document. IT-Update on Section 269ST By: CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com

As we all know, it is indeed a common practice to accumulate wealth without payment of legitimate taxes. Such type of unaccounted wealth or money is generally called ‘Black Money’. It is also very much common to park such type of black Money in movable/immovable properties in the names of other persons. In India, this …