Taxpayers Beware! These High Value Transactions can attract Show Cause Notice from Income Tax Dept

Taxpayers - Beware - High Value Transactions - attract Show Cause Notice - Income Tax Department - Taxscan

Being frequently involved with high value transactions can put you under the radar of the Income Tax Department and unsurprisingly, you may also be served with a show cause notice as to why you should not be taxed, or to why the same was not reflected in the Income Tax Returns of the relevant year….

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