Corporate and Professional Updates on 10th April 2019
Direct Tax: Income Tax Department will initiate the recovery of tax along with a penalty from approximately 65,000 assessees who deposited Rs.10 lakh or more in their bank account during demonetization but did not file a return for the AY 2017-18. These 65,000 plus is part of nearly 3 lakh non-filers with large deposit. ITR …