Do not disclose this information while filing a return, if not inprison
HDo not disclose this information while filing a return, if not inprisonYou may have to go to jail if you do not show the amount deposited in banks in the income tax return. Income Tax Department has prepared a list of such people and companies. The investigation has started as an anonymous property. During the note-taking, many people haddeposited a large amount in the bank account and later withdrew. But it did not show up in the income tax return. The income tax department has started the proceedings. The government has created 24 teams to investigate.It is to be mentioned that under the new law, the offender can get a seven-year sentence and a penalty up to 10 percent of the property holder. When the wrong information provider can be sentenced to 5 years.
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