Tag Archives: it notice

Demonetisation: Deposited More Than Rs.2.5 Lakh Cash? Then Await Income Tax Notice Soon!

As expected, the Income Tax Department has swiftly sent out notices to all those who have deposited Rs.500 and Rs.1000 notes worth more than Rs.2.5 lakh and individuals or firms have already received notices seeking explanation of the source of such funds. The IT Department has issued notices under section 133 (6) of the Income Tax Act (power to call ...

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AAP Faces Centre’s Ire? IT Notice Slapped

The directorate of income tax (investigation) has duly issued a notice to the Aam Aadmi Party to show receipts f funds from 4 fake companies and the party was asked to give a reply before February 16. The notice follows complaint from the AAP Volunteers Action Munch (AVAM), erstwhile members who turned hostile to the party. AAP maintained that other ...

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