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Beware of cash payments at hospitals, you may come under Income-Tax radar

Income-Tax

The Income Tax department is scanning all the transactions at hospitals wherre the bills are paid in cash as it violates banking protocol and amounts to tax evasion. The I-T sleuths have decided to monitor cash transactions at hospitals, banquet halls and businesses in a recent move to prevent tax evasion. As per the rule, any cash transaction above Rs. ...

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