TAX & PENALTY on CASH DEPOSIT in SAVING BANK ACCOUNT I INCOME TAX on UNEXPLAINED MONEY I CA Satbir
TAX & PENALTY on CASH DEPOSIT in SAVING BANK ACCOUNT I INCOME TAX on UNEXPLAINED MONEY I CA Satbir
Tag Archives: Cash Deposit in Bank
How much Cash Deposit in Bank – 5 Key Points from Taxation Points of View
Cash Deposit in Bank in India The Central Board of Direct Taxes (CBDT) has amended rule 114B of the Income-tax Rules, 1962 meant for quoting PAN by substituting Sl.No.10 by including cash deposit of Rs. 50,000 or more on any one day or aggregating to more than Rs. 2,50,000 during the period 9th November, 2016… Read More »
Note counting machine with Fake Detection -Indian Rupees
Note counting machine with Fake Detection of Indian Rupees BME Smart 2000 Note counting machine with Fake Detection. 1 Year warranty(Compatible with new INR notes) Price RS 6399 Click to Buy Best Features of this Note counting machine with Fake Detection of Indian Rupees Latest range model with Fully Automatic FAKE DETECTION and Pre 2005 note detection.… Read More »
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 »
Cash Deposit in Bank- Take care of Income Tax Provisions of India
Cash Deposit in Bank- Take care of Income Tax Provisions of India As the Government has declared that currency notes of Rs. 500 and Rs. 1,000 denominations will not be valid from midnight of November 8, 2016, citizens will have to surrender the old notes at any branch of a bank or post office. Citizens… Read More »