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Taxman not to ask questions on deposits up to ₹ 2.5 lakh:CBDT

News and Press Release - Dated:- 6-2-2017 - New Delhi, Feb 6 (PTI) Providing clarity on scrutiny of deposits made in banks post demonetisation, I-T department on Monday said no questions will be asked about deposits of up to ₹ 2.5 lakh and only .....

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iled in previous years will be taken for layer enforcement . There is no need to fear for any genuine person. We will ensure there is no harassment to genuine person, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said at CII post-Budge .....

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and ₹ 80 lakh and ₹ 80 lakh and above. As the Prime Minister has clearly said that (for deposits) up to ₹ 2.5 lakh we will not ask (questions), so we have put that data aside at the moment, he said. The tax department has used its .....

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income of ₹ 10 lakh and the tax department will not touch him. Importantly, if companies show a cash in hand in balance sheet of ₹ 10 lakh and have deposited ₹ 5 lakh, the tax department will not scrutinise those. But if you have d .....

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