November 10, 2016 8:32 AM
Deposits above Rs 2.5 lakh to invite penalty on income mismatch
The Government has warned that the cash deposits above 2 lakh 50 thousands rupees threshold under the 50-day window can attract tax plus a 200 percent penalty in case of income mismatch, said Revenue Secretary Hashmukh Adhia.<br/><br/>In a series of tweets, he said, government will get r...