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Under the Income-tax Law, different forms of returns are prescribed for different classes of taxpayers. The return forms are known as ITR forms (Income Tax Return Forms). The forms of return prescribed under the Income-tax Law for filing of return of income are as follows:
Any expense paid in cash exceeding Rs. 10,000 shall be disallowed. This applies to payments made in respect of any expense in cash in excess of Rs. 10,000. The limit of Rs. 10,000 also applies to purchase of capital assets where the payment is made in cash in exceeding Rs. 10,000.
A revamped & enhanced version of GSTR-1/IFF is being made available on the GST Portal to improve ...