Filing Form 61A : All You Ever Wanted to Know About !

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Tomorrow is 31st May 2017 that is last date for filing form 61A for all the reporting persons. Earlier , the affected persons where banks, post office , NBFC , companies and Institution. But the steps taken by government to make cash transactions harsher and harder for ordinary people, amendments were made to make all the persons who carries transactions of Rs 2 Lakhs in cash also liable to file Form 61A if that person is required to get his accounts audited under section 44AB . That has made a huge number of people liable for filing Form 61A.  The present video and the accompanying article is a detailed discussion on various aspects of this new liability to comply .

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