For Cash­free India! six BPOs, two telcos and a consultancy running helpline for free of charge

For Cash­free India! six BPOs, two telcos and a consultancy running helpline for free of charge Six big­name business process outsourcing (BPO) firms, 2 telecommunication majors and one massive practice are running a GoI helpline known as Cash­Mukt India Abhiyan (CMBA) — and that they don’t seem to be charging a fractional monetary unit for […]

How to Prepare Statement of Financial Transactions

How to Prepare Statement of Financial Transactions Section 285BA of the IT Act 1961 requires specific reporting persons to furnish statement of financial transaction. Rule 114E of the Income Tax Rules, 1962 specifies that the statement of financial transaction required to be furnished under sub-section (1) of section 285BA of the Act shall be furnished […]