Large cash deposits: What triggers a tax notice, and how to stay safe

Banks have to report the high-value cash activity to the Income Tax Department. Cash deposits of Rs 10 lakh or more in a financial year across your savings accounts, or Rs 50 lakh or more across ...
Investopedia

Disclosure Statement: What It Means, How It Works

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...
Indiatimes

Nagpur SROs didn’t report real estate deals worth over Rs5.5k cr to I-T dept

Nagpur: The value of unreported real estate deals under the statement of financial transactions (SFT) by the property registrar's offices being probed by the Income Tax Department has crossed Rs5,500 ...
Indiatimes

Sub-registrar office under I-T lens for failing to report deals worth Rs1k cr

Nagpur: An ongoing probe of the Income Tax (I-T) Department points out that the sub-registrar office (SRO) at Hingna submitted incomplete information in the statement of financial transactions (SFT) ...
NerdWallet

Bank Statement: What It Is, How to Read It

A bank statement is a document that summarizes account transactions over a set period of time, usually a month. Many or all of the products on this page are from partners who compensate us when you ...