financial transactions
Taxpayers need not reveal high-value transactions in ITR
Only third parties would report high-value transactions to the I-T department as per the Income Tax Act
Only 32 per cent Indians make financial transactions online
65 per cent use internet for banking transactions, 55 pc for utility bill payment and 54 pc for online shopping.
Banks ask exporters to close Iran deals due to US sanctions
Two Indian banks have asked exporters to complete their financial transactions with Iran by August.
CBDT issues clarification on furnishing SFT
Entity having TAN can generate an ITDREIN only when such TAN's Organisational PAN is not available.
1.58 lakh tax payers under lens for partial a/c declarations
Taxpayers have provided response for 13.33 lakh accounts involving cash deposits of around Rs 2.89 lakh crore.
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