Bigtvlive English

BigTV తెలుగు

Tag: Penalty

Advertisement
Can I-T Department Seize Cash At Home With an 84% Penalty?

Can I-T Department Seize Cash At Home With an 84% Penalty?

The government is tightening income tax rules. These rules target unexplained cash holdings. Authorities can now impose severe financial penalties. This aims to curb unaccounted money in the economy. Understanding the 84% Penalty When conducting a search, tax officers have the authority to seize cash. The owner of the cash must be able to provide […]

Cash Loans From Friends? You May Face Huge Income Tax Fines

Cash Loans From Friends? You May Face Huge Income Tax Fines

When borrowing money from your friends, it generally seems harmless, especially if there is an emergency. However, borrowing the same amount in cash could lead to an expensive income tax penalty.   Real Life Warning Tale Mohan borrowed ₹1 lakh in cash from a friend during a cash crunch. He is currently facing an equal […]

Big Stories

Latest Posts

×