High-value Cash Transactions
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High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
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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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India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
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Auto Sales See Biggest Drop In 16 Years After Notes Ban
Auto sales have seen an especially big drop in rural areas and regions where cash transactions are typically prevalent.
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Haryana Government Departments To Encourage Cashless Transaction
Haryana government today said it has ordered its departments to encourage receipts of payments of more than Rs 5,000 through digital methods in the wake of demonetisation of the high-value currency notes last month.
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After India's Cash Ban, Money-Laundering Networks Thrive: Foreign Media
Agents offering to launder money are using creative means, including flying banned cash by the planeload to northeastern states exempt from restrictions as well as connecting people to high-turnover businesses that can deem old cash as revenue, keep a portion of it, and return the rest, according to people involved in the networks. Premiums range f...
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7 Lakh Tax Notices Being Sent: Who Is Likely To Receive Them
In its attempt to uncover black money and tax defaulters, the government is sending out 7 lakh notices on big transactions which appear dodgy because PAN numbers were not disclosed.
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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.
-
High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
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
-
India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
-
Auto Sales See Biggest Drop In 16 Years After Notes Ban
Auto sales have seen an especially big drop in rural areas and regions where cash transactions are typically prevalent.
-
Haryana Government Departments To Encourage Cashless Transaction
Haryana government today said it has ordered its departments to encourage receipts of payments of more than Rs 5,000 through digital methods in the wake of demonetisation of the high-value currency notes last month.
-
After India's Cash Ban, Money-Laundering Networks Thrive: Foreign Media
Agents offering to launder money are using creative means, including flying banned cash by the planeload to northeastern states exempt from restrictions as well as connecting people to high-turnover businesses that can deem old cash as revenue, keep a portion of it, and return the rest, according to people involved in the networks. Premiums range f...
-
7 Lakh Tax Notices Being Sent: Who Is Likely To Receive Them
In its attempt to uncover black money and tax defaulters, the government is sending out 7 lakh notices on big transactions which appear dodgy because PAN numbers were not disclosed.
-
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.
