High Value Cash Transactions
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Income Tax Notice For These High-Value Transactions: All You Need To Know
Certain cash transactions beyond the specified limit should be reported to the tax authorities
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Opinion: India's War On Cash Needed A Very Different Approach: Foreign Media
Fewer than 10 percent of Indians have ever used any kind of non-cash payment instrument. Less than 3 percent of the value transacted in the year ending March 2014 used cards.
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How Income Tax Department Is Tracking Your Transactions
To check tax evasion, the income tax department has stepped up its vigilance against undeclared income.
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New Income Tax Reporting Norms from April: 10 Things to Know
To curb the menace of black money, the Income Tax department has notified new rules under which high-value transactions by individuals beyond a certain threshold will have to be reported by banks, property registrar and other agencies.
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New Income Tax Reporting Norms for High Value Transactions From April 1
In order to check black money, the Central Board of Direct Taxes (CBDT), the apex policymaking body of the Income Tax Department, has notified norms under which cash receipts and high value transactions beyond a certain threshold will have to be reported to the income tax authorities with effect from April 1.
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Credit cards: Cash back vs reward points - which one to choose?
The convenience of using a credit card cannot be argued upon. It is a much safer option than carrying wads of notes each time you step out, of course with due caution. Credit cards prove useful when making high value transactions and there is always a proof to rely on when you make payments on cards, as they always leave behind a trail.
-
Income Tax Notice For These High-Value Transactions: All You Need To Know
Certain cash transactions beyond the specified limit should be reported to the tax authorities
-
Opinion: India's War On Cash Needed A Very Different Approach: Foreign Media
Fewer than 10 percent of Indians have ever used any kind of non-cash payment instrument. Less than 3 percent of the value transacted in the year ending March 2014 used cards.
-
How Income Tax Department Is Tracking Your Transactions
To check tax evasion, the income tax department has stepped up its vigilance against undeclared income.
-
New Income Tax Reporting Norms from April: 10 Things to Know
To curb the menace of black money, the Income Tax department has notified new rules under which high-value transactions by individuals beyond a certain threshold will have to be reported by banks, property registrar and other agencies.
-
New Income Tax Reporting Norms for High Value Transactions From April 1
In order to check black money, the Central Board of Direct Taxes (CBDT), the apex policymaking body of the Income Tax Department, has notified norms under which cash receipts and high value transactions beyond a certain threshold will have to be reported to the income tax authorities with effect from April 1.
-
Credit cards: Cash back vs reward points - which one to choose?
The convenience of using a credit card cannot be argued upon. It is a much safer option than carrying wads of notes each time you step out, of course with due caution. Credit cards prove useful when making high value transactions and there is always a proof to rely on when you make payments on cards, as they always leave behind a trail.
