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Cash deposit limits: Income Tax rules, Penalties and Savings account guidelines
There are limits on depositing money into savings accounts. The Income Tax Department has issued some important rules.
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High-Value Cash Transactions That Could Trigger Income Tax Scrutiny
Large cash transactions, particularly those exceeding specified thresholds, can attract attention from the Income Tax ...
Two-year tax task force releases property, income and business recommendations
Democrats assailed the recommendations as not providing enough relief to Hoosier taxpayers, and for giving "handouts" to ...
Arkansas Times17h
Corporate income tax cuts keep pinching state finances, monthly revenue report shows
The more state government funds itself off of sales taxes — rather than income taxes — the more regressive it becomes.
No TDS on cash withdrawal by foreign representations from Dec 1: Income Tax department
As per section 194N of the Act, TDS is required to be deducted when an individual withdraws a sum exceeding Rs 20 lakh in ...
Why Income Tax Department has introduced new PAN 2.0 project
The Union Cabinet approved the PAN 2.0 Project on Monday to make PAN the “single source of truth and data consistency”. With ...
devdiscourse5d
Tax Trifecta: IT Department Raids Kochi Production Houses
The Income Tax department conducted raids at the Kochi offices of Parava Films and Dream Big Distributors, production ...
ThePrint10d
Income tax department advises taxpayers to carefully review their foreign income, assets in ITR
The Central Board of Direct Taxes (CBDT) has advised all taxpayers to carefully review their foreign income and assets and ...
english.mathrubhumi5d
Income Tax Department raid on Soubin Shahir's Parava Films - makers of 'Manjummel Boys'
Income Tax Department raids Soubin Shahir's Parava Films over alleged tax evasion and financial irregularities following a ...
North Carolina Man Sentenced in $1 Million Tax Evasion Scheme
A North Carolina man was sentenced to 37 months in federal prison for evading over $1 million in federal taxes, the Justice Department announced Tuesday.