Income Tax Update: Cash Spending Over ₹10,000 Now Subject to Taxation

Unknown Apr 02, 2026 650 Views

This is a major change to India's tax framework. The government has announced that cash expenditures will be considered taxable income if they exceed ₹ 10,000 in a single day. It is based on Section 40A(3) of the Income Tax Act, through which the state is working to reduce tax evasion and inc...

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