Section 44AB Income Tax Audit: Due Date, Criteria, Audit Report, Penalty
Section 44AB Income Tax Audit: Due Date, Criteria, Audit Report, Penalty
3 months ago
cleartax.in
Bought or Sold property above 30 lakh??? The Income Tax Department is watching!!! If you’ve registered property worth ₹30 lakh or more, your transaction is reported to the Income Tax Department through Statement of Specified Financial Transactions(SSFT) under Section 285BA(1) of Income Tax Act 1961, also called as Form 61A in simple language. * Banks, Sub-Registrars, and other institutions dealing with money must report such high-value deals. * This helps the IT Department track unaccounted inco
0:51
Bought or Sold property above 30 lakh??? The Income Tax Department is watching!!! If you’ve registered property worth ₹30 lakh or more, your transaction is reported to the Income Tax Department through Statement of Specified Financial Transactions(SSFT) under Section 285BA(1) of Income Tax Act 1961, also called as Form 61A in simple language. * Banks, Sub-Registrars, and other institutions dealing with money must report such high-value deals. * This helps the IT Department track unaccounted inco
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