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Saturday, 19 November 2016

Income Tax Department begins serving notices

The Income Tax department has concerned notices to hundreds of citizens, who deposited extra than Rs 2.5 lakh in their bank debts submit November 8th this 12 months, in search of statistics approximately the supply of finances. Notices had been issued under section 133 (6) of the income Tax Act.IT Sleuths have served notices to the account holders who is deposits appeared suspicious.

 The IT branch sought info of earnings supply and important documents to prove it does not come beneath unaccounted money. the awareness issued with the aid of Taxmen demands the account holder to grant the information of income Tax Returns for the past  years.


profits Tax branch have additionally given notices to hundreds of Charitable & spiritual firms, who have been benefitting from tax exemptions, within the us of a to reveal the coins balances as of November 8th, 2016. that is a circulate to hold a check on feasible Black cash donations.
 
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