Notices Sent To Property Sellers Who Took Cash Above Rs. 5 Lakh
The Income Tax Department has sent notices to about 2,000 property sellers who took Rs. 5 lakh or above in cash while selling their assets between June 2015 and December 2018, a senior official said on Saturday. “To start with, we have sent notices to those property buyers and sellers who paid or received Rs. 5 lakh and above in cash. Once we settle these cases, we will focus on those violators who had paid or received cash below Rs. 5 lakh,” the official told news agency ANI. In 2015,…
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