Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ultimate-addons-for-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php:6114) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php:6114) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php:6114) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php:6114) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php:6114) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php:6114) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php:6114) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php:6114) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":3750,"date":"2016-12-29T11:56:41","date_gmt":"2016-12-29T06:26:41","guid":{"rendered":"https:\/\/taxclick.org\/?p=3750"},"modified":"2016-12-29T11:57:34","modified_gmt":"2016-12-29T06:27:34","slug":"reporting-cash-transactions-rule-114e-income-tax","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/","title":{"rendered":"Reporting Cash Transactions under Rule 114E of Income tax"},"content":{"rendered":"

Government of India<\/strong><\/span><\/p>\n

Ministry of Finance<\/strong><\/span><\/p>\n

Department of Revenue<\/strong><\/span><\/p>\n

Central Board of Direct Taxes<\/strong><\/span><\/p>\n

New Delhi, 22nd December, 2016.<\/strong><\/span><\/p>\n

Press Release<\/u><\/strong><\/span><\/p>\n

 <\/p>\n

Reporting Cash Transactions under Rule 114E of Income \u2013tax Rules, 1962.<\/strong><\/span><\/p>\n

Rule 114E of Income-tax Rules, 1962, for furnishing statement of financial transactions (SFT) came into force with effect from 1st April, 2016. Any person who is liable for audit under section 44AB of the Income-tax Act, 1961 is required to furnish a statement in respect of transaction at serial no. 11 of Rule 114E(2) relating to receipt of cash payment exceeding Rupees two lakh for sale of goods or service. Doubts were raised if such transactions are required to be aggregated for reporting.<\/span><\/p>\n

The norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT\u2019s Notification No. 91\/2016 dated 6th<\/sup> October, 2016 clearly indicating that the said transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

(Meenakshi J. Goswami)<\/strong><\/span><\/p>\n

Commissioner of Income Tax<\/strong><\/span><\/p>\n

(Media and Technical Policy)<\/strong><\/span><\/p>\n

Official Spokesperson, CBDT.<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 22nd December, 2016. Press Release   Reporting Cash Transactions under Rule 114E of Income \u2013tax Rules, 1962. Rule 114E of Income-tax Rules, 1962, for furnishing statement of financial transactions (SFT) came into force with effect from 1st April, 2016. … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[459],"class_list":["post-3750","post","type-post","status-publish","format-standard","hentry","category-income-tax","tag-rule-114e"],"yoast_head":"\nReporting Cash Transactions under Rule 114E of Income<\/title>\n<meta name=\"description\" content=\"The norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT\u2019s Notification No. 91\/2016 dated 6th October, 2016 clearly indicating that the said transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reporting Cash Transactions under Rule 114E of Income\" \/>\n<meta property=\"og:description\" content=\"The norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT\u2019s Notification No. 91\/2016 dated 6th October, 2016 clearly indicating that the said transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"All About Finance\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-29T06:26:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-12-29T06:27:34+00:00\" \/>\n<meta name=\"author\" content=\"Taxclick Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Taxclick Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/\"},\"author\":{\"name\":\"Taxclick Team\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\"},\"headline\":\"Reporting Cash Transactions under Rule 114E of Income tax\",\"datePublished\":\"2016-12-29T06:26:41+00:00\",\"dateModified\":\"2016-12-29T06:27:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/\"},\"wordCount\":193,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"keywords\":[\"Rule 114E\"],\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/\",\"url\":\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/\",\"name\":\"Reporting Cash Transactions under Rule 114E of Income\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/#website\"},\"datePublished\":\"2016-12-29T06:26:41+00:00\",\"dateModified\":\"2016-12-29T06:27:34+00:00\",\"description\":\"The norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT\u2019s Notification No. 91\/2016 dated 6th October, 2016 clearly indicating that the said transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction\",\"breadcrumb\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/taxclick.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reporting Cash Transactions under Rule 114E of Income tax\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/taxclick.org\/#website\",\"url\":\"https:\/\/taxclick.org\/\",\"name\":\"All About Finance\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/taxclick.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/taxclick.org\/#organization\",\"name\":\"All About Finance\",\"url\":\"https:\/\/taxclick.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"contentUrl\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"width\":235,\"height\":68,\"caption\":\"All About Finance\"},\"image\":{\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\",\"name\":\"Taxclick Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"caption\":\"Taxclick Team\"},\"description\":\"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.\",\"url\":\"https:\/\/taxclick.org\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Reporting Cash Transactions under Rule 114E of Income","description":"The norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT\u2019s Notification No. 91\/2016 dated 6th October, 2016 clearly indicating that the said transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/","og_locale":"en_US","og_type":"article","og_title":"Reporting Cash Transactions under Rule 114E of Income","og_description":"The norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT\u2019s Notification No. 91\/2016 dated 6th October, 2016 clearly indicating that the said transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction","og_url":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/","og_site_name":"All About Finance","article_published_time":"2016-12-29T06:26:41+00:00","article_modified_time":"2016-12-29T06:27:34+00:00","author":"Taxclick Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Taxclick Team","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/#article","isPartOf":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/"},"author":{"name":"Taxclick Team","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227"},"headline":"Reporting Cash Transactions under Rule 114E of Income tax","datePublished":"2016-12-29T06:26:41+00:00","dateModified":"2016-12-29T06:27:34+00:00","mainEntityOfPage":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/"},"wordCount":193,"commentCount":0,"publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"keywords":["Rule 114E"],"articleSection":["Income Tax"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/","url":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/","name":"Reporting Cash Transactions under Rule 114E of Income","isPartOf":{"@id":"https:\/\/taxclick.org\/#website"},"datePublished":"2016-12-29T06:26:41+00:00","dateModified":"2016-12-29T06:27:34+00:00","description":"The norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT\u2019s Notification No. 91\/2016 dated 6th October, 2016 clearly indicating that the said transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction","breadcrumb":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/taxclick.org\/type\/income-tax\/reporting-cash-transactions-rule-114e-income-tax\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxclick.org\/"},{"@type":"ListItem","position":2,"name":"Reporting Cash Transactions under Rule 114E of Income tax"}]},{"@type":"WebSite","@id":"https:\/\/taxclick.org\/#website","url":"https:\/\/taxclick.org\/","name":"All About Finance","description":"","publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/taxclick.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/taxclick.org\/#organization","name":"All About Finance","url":"https:\/\/taxclick.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/","url":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","contentUrl":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","width":235,"height":68,"caption":"All About Finance"},"image":{"@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227","name":"Taxclick Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","caption":"Taxclick Team"},"description":"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.","url":"https:\/\/taxclick.org\/author\/admin\/"}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"Taxclick Team","author_link":"https:\/\/taxclick.org\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 22nd December, 2016. Press Release   Reporting Cash Transactions under Rule 114E of Income \u2013tax Rules, 1962. Rule 114E of Income-tax Rules, 1962, for furnishing statement of financial transactions (SFT) came into force with effect from 1st April, 2016.…","_links":{"self":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/3750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/comments?post=3750"}],"version-history":[{"count":0,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/3750\/revisions"}],"wp:attachment":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/media?parent=3750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/categories?post=3750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/tags?post=3750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}