Ways of collection of financial data by IT dept

CA Mayur Todmal , Last updated: 01 March 2018  
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To curb tax evasion / suppression of income, the CBDT has taken steps to collect data about taxpayers financial transaction. The tax department compares this collected information with the return filed by taxpayers. Any mismatch intentional / error may lead to the generation of Income Tax Notice.

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CA Mayur Todmal
(Practicing CA)
Category Income Tax   Report

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