Tag Archives: Annual Financial Statements

Income tax department instructions on reporting of Cash Deposit

Today CBDT issued notification requiring Banks and post office to file Statement of financial transactions covering following cash deposit on or before 31st January 2017. Cash Deposit of 2,50,000 or more in any Savings Bank Account (any account other than current account) during 9-9-2016 to 30-12-2016 Cash Deposit of Rs. …

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Basics of Budget V – The Budget Documents

By now all of us are aware that the Finance Minister of India makes a Budget Speech in the Parliament. In this article, I will write about other important documents which are presented to the Parliament apart from his speech. Annual Financial Statement (AFS) is the main Budget document. The …

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