News Updates
Rs. 20,000 above cash transaction in real estate now under I-T radar
Rs. 20,000 above cash transaction in real estate now under I-T radar. Seems like there is no way one can hide or tweak their property transaction. In case you are found paying Rs. 20,000 above amount while purchasing property in the capital, sooner or later you will be served a notice by the Income Tax department.News has been doing rounds that the I-T department is about to initiate a drive where any realty purchase where the cash transaction exceeds Rs. 20,000 benchmark will be subject to I-T
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