Search For "deposits"
CBDT urges citizen to help join the government eradicating black money
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 18 (ANI): It was announced by the Government earlier that small deposits made in the banks by artisans, workers, housewives, etc. would not be questioned by the Income Tax Department in view of the fact that present exemption limit for Income Tax is Rs.2.5 lakh.
Read More
Moradabad trader deposits Rs. 1.5 lakhs in lower denominations
Updated : 8 years, 6 months ago IST
Moradabad (Uttar Pradesh) [India], Nov.18 (ANI): A trader in Uttar Pradesh's Moradabad city has set a unique example by depositing Rs. 1.5 lakh in lower denominations of Rs. 100 and 50 and 10 respectively to address the woes of the common man.
Read More
Cash deposits of over Rs 2.5 lakhs under scanner: CBDT
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov. 14 (ANI): The Central Board of Direct Taxes (CBDT) on Monday announced that it will scrutinise cash deposits more than 2.5 lakhs in banks and firm action will be taken if it has not been made through proper channels.
Read More
Jaitley assures nation, says deposits under 2.5 lakh won't be penaliz
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov. 10 (ANI): Union Finance Minister Arun Jaitley on Thursday assured that people depositing smaller amounts less than 2.5 lakh would not attract harassments from the Income Tax (IT) officials, adding that the banks across the country would open on weekends and extend the
Read More
Deposits over Rs. 2.5 lakh to attract penalty on mismatch: Govt.
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov. 10 (ANI): The government has warned that the cash deposits above Rs. 2.5 lakh threshold under the 50-day window could attract tax plus a 200 percent penalty if the cash deposited in bank accounts doesn't match with income declared.
Read More
Depositing old currency notes won't provide relief from taxation: Jai
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 9 (ANI): Finance Minister Arun Jaitley today said that deposits of the no longer functional Rs. 500 and Rs. 1,000 currency notes in bank accounts will not enjoy immunity from tax.
Read More