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...

Tribune News Service

Updated At : 02:09 PM Jan 02, 2020 IST

– 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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