BUSINESS

IT Dept launches 'Jhatpat Processing' for filing income tax returns
BUSINESS

Income Tax Department Targets Hotels and Hospitals for Cash Transactions to Evade Taxes

Income Tax: The Income Tax Department has placed hotels, hospitals, and IVF clinics that engage in cash transactions to evade taxes under close scrutiny. The Central Board of Direct Taxes (CBDT) has directed the tax authorities to investigate these establishments, which have been reportedly avoiding digital transactions in favor of cash to circumvent tax obligations.
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