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High Value Transaction News

No Changes In ITR Forms; Taxpayers Not To Provide High Value Transaction Details

As per sources from the finance ministry, there is no deliberation over implementing changes in the income tax return forms. Also, taxpayers won't need to lists out high value transactions in their income tax returns (ITRs). Further the sources ...

High Value Transactions To Be Reported Under SFT By May 31

As yet another step to curb black money in the system, Statement of Financial Transaction or SFT has been introduced. The new document has to be necessarily filed by different individuals including professionals, financial institutions as well as business set-ups by ...