Monday, August 26, 2024

Sent more than Rs 6 lakh abroad? You may get a tax notice by December 31, 2024

Income tax notice: You may get a income tax notice by December 31, 2024 if the tax department found you have income which escaped assessment. This is because tax officials are analysing Form 15CC data to find out who has sent more than Rs 6 lakh abroad and there is a mismatch between the amount sent abroad and the amount declared as income in ITR.

from Tax-Wealth-Economic Times https://ift.tt/z3COdxK

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