Deposits Above Rs 2.5 Lakh To Face Tax And Penalty on Mismatch

The Government has announced that 200 per cent penalty and Tax would be charged on cash above 2.5 lakh, following the scrapping of Rs. 500 and Rs. 1,000 notes. Therefore, according to the banks norms, you must show the details of PAN card during the depositing massive amount over the 50-day window till dead line […]