Web20 Feb 2024 · Section 40A belongs to Chapter IV of the Act, which deals with the computation of total income under the heading “profits and gains from business or profession.” It is applicable when calculating total income under profits and gains from business or profession. Web11 Apr 2024 · No person is allowed to receive in cash an amount of Rs. 2,00,000/- or more-. (c) in respect of transactions relating to one event or occasion from a person. (i) any receipt by Government or any banking company, post office savings bank or cooperative bank; (ii) transactions of the nature referred to in section 269SS;
Section 40A of Income Tax Act for AY 2024-24 – AUBSP
Web1 Mar 2024 · The existing provision of sub section (3) of Section 40A of the Act, provides that any expenditure in respect of which payment or aggregate of payments made to … Web18 Jul 2001 · BANKING ACT, CAP 19 Meaning of Customer Under Section 40A Section 40A of the Banking Act provides that in Part VII of the Act, the term "customer" does not … boohle singili mp3 download fakaza
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WebThere are criminal liabilities for breach of the banking secrecy provisions in the Act. A bank officer who is in breach of section 47 is liable to a fine not exceeding S$125,000 or a term of imprisonment not exceeding three years or to both fine and imprisonment, and for the bank a fine, not exceeding S$250,000. WebBanking Act The Banking Act governs banks, persons pursuant to Article 1b of the Banking Act, private bankers and savings banks. It deals with operating licences and specifies … WebCash Payments under FCRA. Section 40A (3) (a) of the income tax Act provides that any Expenditure incurred in respect of which payment is made in a sum exceeding Rs 10000/- in a single day otherwise than by account payee Cheque drawn on a bank or by an account payee bank draft or through use of electronic clearing system, shall not be allowed as … god hears our prayers images