Agarwal Choudhary & Co.

Agarwal Choudhary & Co. Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Agarwal Choudhary & Co., Consulting Agency, 52/206, First Floor, Rajeev Tower, V T Road, Mansarovar, Jaipur.

09/11/2016

Deposits above Rs 2.5 lakh to face tax, penalty on mismatch

The department would do matching of this with income returns filed by the depositors. And suitable action may follow," Revenue Secretary Hashmukh Adhia said.

NEW DELHI: Further dangling the stick, government tonight warned that 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.

"We would be getting reports of all cash deposited during the period of November 10 to December 30, 2016, above a threshold of Rs 2.5 lakh in every account.

"The (tax) department would do matching of this with income returns filed by the depositors. And suitable action may follow," Revenue Secretary Hashmukh Adhia said tonight.

09/11/2016

😡😰😱 *Latest Updates :*

Government has declared *200%* penalty and tax if amount deposit will be more than *2.50 lacs and if person does not able to justify the income.* 😡😰😱

04/05/2016

CBDT has vide Notification No. 30/2016 Dated: 29.04.2016 has revised due date for filing challan-cum-statement in Form No. 26QB from 7 days to 30 Days i.e. payment of TDS on transfer of immovable property u/s 194IA w.e.f. 01.06.2016

Now the provision reads as :

Section 194IA requires buyer of the Property to deduct 1% TDS while making payment to seller if consideration of the Property exceeds 50 Lakh Rupees and such TDS required to be paid within 30 Days from the end of the month in which payment been made

Address

52/206, First Floor, Rajeev Tower, V T Road, Mansarovar
Jaipur
302020

Telephone

7877289074

Website

Alerts

Be the first to know and let us send you an email when Agarwal Choudhary & Co. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Agarwal Choudhary & Co.:

Shortcuts

Share

Category