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Cash transaction of Rs 2 lakh or above may land you in trouble I T Dept

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The Income Tax department warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.It also advised people having knowledge of such dealings to tip-off the tax department by sending an email to '[email protected]'.The government has banned cash transactions of Rs 2 lakh or more from April 1, 2017, through the Finance Act 2017.NYOOOZ TV Videos - Dedicated to bringing you the latest and best in politics, sports, current affairs and entertainment world. From traditional sports like cricket to best Bollywood entertainment news, NYOOOZ TV is a must watch for news updates.Download our Apps on :Google Play Store :https://play.google.com/store/apps/de...Apple Istorehttps://itunes.apple.com/us/app/newzs...Our Websitehttp://www.nyoooz.com

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Income Tax department Rs 2 lakh or mor [email protected] cash transactions Finance Act 2017
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