Standing advice to a client on cash transactions
These three sections generate more penalty in absolute rupees than the rest of Chapter XXI put together, because the penalty is the whole amount of the transaction , not the tax on it, and because the tax auditor reports the breach himself.
- 2 pages
- 13
- Word and PDF
- 13 September 2026
What it covers
- 1Standing advice to a client on cash transactionson the firm's letterhead, issued annually
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
On the firm's letterhead
Date: [Date of the letter]
To,
[Name of the client]
[Designation — Proprietor / Partner / Director]
[Client's address]
Subject: Restrictions on cash transactions under sections 269SS, 269ST, 269T and 269SU of the Income-tax Act, 1961 and sections 185, 186 and 188 of the Income-tax Act, 2025 — standing advice for the year