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Strict Action against Tax Evaders using other persons’ Bank Accounts to convert their Black Money into New Denomination Notes;

News and Press Release - Dated:- 18-11-2016 - Strict Action against Tax Evaders using other persons Bank Accounts to convert their Black Money into New Denomination Notes; Person(s) who allows His Or Her Bank Account to be misused for this purpose ca .....

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eradicating it. It was announced by the Government earlier that small deposits made in the banks by artisans, workers, housewives, etc. would not be questioned by the Income Tax Department in view of the fact that present exemption limit for income t .....

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ir accounts to be used. This activity is reported in case of Jandhan Accounts also. It is hereby clarified that such tax evasion activities can be made subject to income tax and penalty if it is established that the amount deposited in the account wa .....

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