Cash deposit in excess of Rs 2.50 Lakh may attract Tax Penatly
Cash deposit in excess Cash deposit in excess of what is shown in return will attract penalty of 200%. Government will get report of cash deposited in bank accounts above limit of Rs 2.5 lakh during 50-day window ending Dec 30 said Revenue Secy. Tax plus penalty of 200% will be levied on cash deposited… Read More »