Income Tax: CBDT gave special instructions to the Income Tax Department regarding cash transactions of more than 2 lakhs

Income Tax: CBDT gave special instructions to the Income Tax Department regarding cash transactions of more than 2 lakhs – Details here

Income Tax: CBDT has also asked the tax department to make concrete efforts to recover outstanding demands, which have seen a sharp increase compared to the previous financial year. Income Tax: The Central Board of Direct Taxes (CBDT), the apex body of direct tax administration in the country, has asked the Income Tax Department to [...]The post Income Tax: CBDT gave special instructions to the Income Tax Department regarding cash transactions of more than 2 lakhs – Details here first appeared on informalnewz.

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Personal Finance Income Tax: CBDT gave special instructions to the Income Tax Department regarding cash transactions of more than 2 lakhs – Details here By Shyamu Maurya August 19, 2024 0 58 Share Facebook Twitter Pinterest WhatsApp Telegram Income Tax: CBDT gave special instructions to the Income Tax Department regarding cash transactions of more than 2 lakhs - Details here Income Tax: CBDT has also asked the tax department to make concrete efforts to recover outstanding demands, which have seen a sharp increase compared to the previous financial year. Income Tax: The Central Board of Direct Taxes (CBDT), the apex body of direct tax administration in the country, has asked the Income Tax Department to investigate large-scale cash transactions in business sectors such as hotels, luxury brand sales, hospitals and IVF clinics. The board said that this investigation should be done without unnecessary interference.

The CBDT has also asked the tax department to make concerted efforts to recover outstanding demands, which have seen a sharp increase since the last financial year. In this regard, the board has recently released the Central Action Plan (CAP) 2024-25. It is manda.