Mon, Jan 08, 2024
Some people think that instead of doing a large amount online transaction, if they deposit the same amount of cash in an account, the Income Tax Department will not notice it. But they are wrong; any transaction done—online or offline—may attract the I-T department's attention. Know about five such transactions that the I-T department may notice and send you an income tax notice for.
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Fri, Mar 10, 2017
Banks will remain shut over the next three days due to Holi festival on Monday.
Fri, Dec 23, 2016
The Central Board of Direct Taxes (CBDT) has clarified that reporting requirements as per the rules are applicable when a single transaction involves receipt of cash payment exceeding Rs 2 lakh for sale of goods or services, signifying that no aggregation is required, a Union Finance Ministry release here said.
Tue, Nov 22, 2016
Amul Chairman Jethabhai Patel on Monday said that the group will credit payments to its milk producers directly through the bank.
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