7 Lakh Tax Notices Sent To Those With Sizable Transactions

Black Money
Photo courtesy: Google

With push to track down black money and tax defaulters, the Income Tax department has sent out more than 7 lakh tax notices to those who did not provide their PAN numbers, and more may be sent out. With assistance from banks, the notices were sent out to those who from 2009 had either deposited more than 10 lakhs in their account or bought or sold property worth Rs 30 lakh or more.

Source: NDTV

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  • 23 Jul 2016
  • WerIndia

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