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Income Tax Department has an eye over Sellers and Buyers of Property cost 30 Lacs

Income Tax Department has an eye over Sellers and Buyers of Property cost 30 Lacs

Income Tax Department has an eye over Sellers and Buyers of Property cost 30 Lacs and Above it .

The Department has an eye over people Buying Properties or Selling Properties Costing Rs.30 Lacs or Above but not filing Income Tax Return. Notice to more than 15 Lacs people belonging to such catagory have been already sent by the department , wheras Notice for other 5 Lac peolple are to be sent soon.

Tax will be Collected from People found guilty and they may be fined too in this case, Speacial attention is given to Deals of Property as most of Black money is involved in Real Estate Transcations only.