Tax plus penalty on deposits above Rs.2.5 lakh

Revenue Secretary Hashmukh Adhia - Sakshi Post

Deposits Above Rs 2.5 Lakh To Face Tax, Penalty On Mismatch 

Nov 09, 2016
Cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 per cent penalty in case of income mismatch.
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