Banks directed to alert Income Tax Department on large Rs 2000 Deposits

Last updated: 29 May 2023

Banks will be required to notify the income tax department about large cash deposits of ₹2,000 currency notes above a threshold as part of the statement of financial transactions (SFT) they are mandated to submit to the tax authority annually. However, the exact currency denomination of the depos

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Category Income Tax   Report

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