Jewellers get I-T recovery notices
– Thousands of jewellers across the country, including the northern region, have received income tax recovery notices over cash deposits made after the government announced demonetisation of high-value currency notes on November 8, 2016 – According to sources, these jewellers...
Updated At : 02:09 PM Jan 02, 2020 IST
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– Thousands of jewellers across the country, including the northern region, have received income tax recovery notices over cash deposits made after the government announced demonetisation of high-value currency notes on November 8, 2016
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– According to sources, these jewellers deposited huge amounts of cash (beyond their average sales) in their accounts during the period
– For the accounting year 2016-17, the suspected cases where large deposits were made, December 31, 2019 was the last day for assessment
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