Finance School

  Section 269ST of the Indian Income Tax Act prohibits receiving ₹2,00,000 or more in cash in a single day, from a single person, or for a single transaction. Violating this rule can attract a penalty equal to the amount received. 📌 Key Provisions of Section 269ST Introduced: Finance Act, 2017 to curb black money and promote digital transactions. Cash Receipt Limit: You cannot receive ₹2,00,000 or more in cash : From one person in a single day (even if through multiple transactions). For a single transaction (even if split into smaller payments). For transactions relating to one event/occasion (e.g., marriage expenses, property purchase). Mode Allowed: Payments above this limit must be received via account payee cheque, account payee bank draft, or electronic transfer (NEFT/RTGS/UPI, etc.) . 🚨 Penalty for Violation Penalty under Section 271DA: Equal to the amount of cash received in violation. Example: If ₹5,00,000 is received in cash for a property deal...

 The Indian auto component sector is a fascinating mix of established giants and agile challengers, each contributing differently to the robustness of the industry.  Endurance Technologies and Sandhar Technologies are often compared because they represent two distinct approaches to resilience. Endurance, with its large scale and global diversification, has built a reputation for steady growth and consistent profitability. Its presence in both two-wheeler and four-wheeler segments, along with European subsidiaries, gives it a cushion against domestic market fluctuations.  Sandhar, on the other hand, thrives on agility. Its sharp profit surges in recent quarters highlight its ability to capture opportunities quickly, especially in emerging areas like EV components. Yet, its smaller scale and margin volatility make it more vulnerable to shocks compared to Endurance. Beyond these two, several other players shape the sub-sector’s competitive landscape.  Minda Industries (...

 The Capital Gains Account Scheme (CGAS) is a special facility introduced by the Government of India in 1988 that allows taxpayers to temporarily park their capital gains in designated bank accounts to claim tax exemptions, even if they haven’t reinvested the gains before the income tax return (ITR) deadline. --- 🏦 Key Features of CGAS - Purpose: Helps taxpayers defer reinvestment of capital gains while still availing tax exemptions under sections like 54, 54F, etc.   - Eligible Users: Resident individuals and Hindu Undivided Families (HUFs). Recently, private banks and small finance banks have also been authorized to accept deposits.   - Types of Accounts:   - Type A (Savings Account): Operates like a regular savings account, suitable for multiple withdrawals.  Interest rate is same as savings account ( less than 3%).   - Type B (Term Deposit): Functions like a fixed deposit, ideal for lump-sum reinvestment.  Interest is high similar to con...