Know the income tax rules for savings accounts and how much cash you can deposit without attracting scrutiny. Discover the daily cash transaction limits, high-value transaction reporting requirements, and how to respond to an income tax notice.
Dave gave his Aadhar and PAN card to two brothers Alpesh and Vipul Patel, along with some of his photos in 2014. He alleges that they opened a bank account in his name and carried out financial transactions.
A BPO employee in Madhya Pradesh's Bhind got the shock of his life when he received an Income Tax Department notice asking him to pay Rs 3.49 crore penalty for the alleged transactions of Rs 132 crore done in 2011-2012.
The I-T department has combed as many as 18 lakh people who deposited junked Rs 500 and Rs 1000 notes of over Rs. 2.5 lakh each post notes ban.
Patna: For the first time, the Income Tax department has issued notice to Bodh Gaya's Mahabodhi temple, Buddhism's holiest shrine, over its collections, officials Tuesday said."The IT department has issued notice to the management committee
Patna: Anirudh Prasad alias Sadhu Yadav, RJD Chief Lalu Prasad's estranged brother-in-law who met Narendra Modi in Ahmedabad, has been served with an income tax notice of Rs 11.96 lakh.“The income tax department served me
Mumbai : The Bombay High Court on Wednesday dismissed Vodafone International's petition challenging an Income Tax department order that demanded Rs 12,000 crore in liabilities arising out of the company's $ 11 billion takeover of
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