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VERIFICATION OF CASH TRANSACTION: PROCEDURE BY ASSESSING OFFICERS

Main Highlights of The Instructions is as under. No More Verification for cases,in general, where cash deposit is up to 2.5 lakh and having no business Income.Person having age of 70 is exempted up to 5 Lakh deposit.The communications made online with the persons under verification should be in very polite language without containing any element of threat or warning. No show cause of...

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VERIFICATION OF CASH TRANSACTION: PROCEDURE BY ASSESSING OFFICERS

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