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Tag: report all high-value transactions

Income Tax in Media

Income Tax Dept cracks down on high spenders hiding income

byAdmin09/06/202509/06/2025

The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government agencies to collect information about such individuals who spend heavily but do not report their income properly.

Income Tax in Media

CBDT asks self-reporting orgs to file details of high-value transactions by June 30

byAdmin18/04/202418/04/2024

CBDT has asked SROs or self-reporting organisations to file details of all high-value transactions that were carried out in 2022-23 by June 30. The SROs include organisations such as banks, post offices, co-operatives, fintechs and mutual fund houses.

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Latest Post

  • Notification No. 02/2026- Customs (CVD) dated 02.06.2026
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