Currency Ban: How penalty cannot be imposed on cash deposits in bank account under Income Tax Act, 1961

Paras mehra | Last updated: 01 June 2017

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Introduction We are going through a very unusual phase of Indian economy where people are rushing nowhere carrying cash in hand. I have experience it first time when people are ready to pay the full amount of tax or they are ready to even forego 50% of the amount still they are not able to buy pe

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About the Author

Paras mehra

Chartered Accountant

I am a practising Chartered Accountant in Delhi and NCR aged only 23, mainly deals in Company Law and Taxation. Since, early stage of my carrear, i wanted to do something different and always wants to be something big. I was being offerred a hefty sum of money even when i wasnt a qualified Chartered Accountant but i re ... Read more

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