Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and high-value financial dealings. Staying within these limits can help taxpayers avoid penalties, scrutiny and unnecessary legal complications.
7 income tax limits every taxpayer should know to avoid notices and penalties
Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and hi…
Lok Darpan
