No harassment by Income Tax Department for such small deposits made.

[console]

Since it would be below the taxable income.There will be no harassment by Income Tax Department for such small deposits made.


Check out @FinMinIndia's Tweet:

 

[IndianMascot]

RBI has also cleared that anyone depositing money below his taxable income won't be filtered.

 

[Music Fan]

How much amount is non taxable?
How is recognition system by income tax department?

 

[IndianMascot]

How much amount is non taxable?
How is recognition system by income tax department?

depends on your earning.

 

[Music Fan]

depends on your earning.

Really
Can you elaborate?

 

[SRIRAM]

2.5 lakhs is the minimum for year if your earnings is below or equal there no need to worry if it s above between 2.5 to 5 lakhs you need to pay 10% from 2.5 to 5 lakhs if it s between 5 to 10 lakhs you need to pay 20% above 10 lakhs are 30% for any of your deposit getting above 10 lakhs transitions will identify and notice will be issued and whomever did not filled return of income tax above 2.5 lakhs transitions all will receive notice's

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[Music Fan]

Ok
Thanks for reply appa

 

[Deepu]

 

[IndianMascot]

Finally some words to scare depositors

 

[Devesh]

Im poor guy.... i hav no money.... mujhe darr nahi hai.

IndianMascot bro all the best.

Posted using Entertainment Forum app