500, 1000 ban: Depositing cash above Rs 2.5 lakh face tax, 200% penalty |Oneindia News
Oneindia
2017-04-16
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Further dangling the stick, government warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 percent penalty in case of income mismatch. The tax department would do matching of this with income returns filed by the depositors.
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Subscribe to OneIndia News Channel for latest updates on movies and related videos.
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