What Income Tax Department Will Do If You Exceed Rs 10 Lakh Deposit Limit In Savings Account

The Income Tax Department can recover unauthorised money from the account holder by imposing a 60% tax, 25% surcharge and 4% cess.

Sep 19, 2024 - 12:30
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What Income Tax Department Will Do If You Exceed Rs 10 Lakh Deposit Limit In Savings Account
The Income Tax Department can recover unauthorised money from the account holder by imposing a 60% tax, 25% surcharge and 4% cess.

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Subhashree Hi, This is Subhi. Welcome to my blog! I love to keep up with the latest news in healthcare, technology and media. Here you will find insightful articles that inform and interest you about the world around you. Join me as I drift between health and technology, and stay up-to-date!