Why Not Mint Money

164: I-T dept to keep a closer watch on your financial transactions

Episode Summary

The government plans to widen the scope of the statement of financial transactions (SFT). It is an initiative under which institutions report specified transactions to the income tax department to catch tax evaders. Here’s how it could impact you.

Episode Notes

The government plans to widen the scope of the statement of financial transactions (SFT). It is an initiative under which institutions report specified transactions to the income tax department to catch tax evaders. Here’s how it could impact you.