Hello friends, welcome to our news site www.informalnewz.com. Friends, today we have brought very special information for you that if you have opened more accounts than a bank account, then you can come in the income tax radar, so today we are going to tell you that if you have a bank account More is going to give you complete information of what you should do.
If you have opened multiple bank account in many banks without any reason, then this news can be very important for you. Because by doing this you can come on the radar of income tax department.
If you have opened multiple bank account in many banks without any reason then now you can come on the radar of Income Tax Department. If you are not using an account, then close it. Otherwise, it is possible that you come to the Income Tax Department’s radar for this reason. Let us tell you why the Income Tax Department is investigating such accounts ..
The Income Tax Department understands that you have opened multiple bank accounts so that they become a means of making money black.
Multiple accounts help to make black money white: No law has been made in India so far, which prevents a person from opening an account in many banks. But, when it comes to the income tax department’s activism, then such people can be in trouble. The income tax department has a different way of thinking. He thinks that if someone has opened an account in many banks without reason, then he is not a dummy account anywhere. That account is not linked to any shell or fake company. It is not helping to make black money white.
Banks are giving information to the Income Tax Department: Officials of the Ministry of Finance say that now the Income Tax Department is getting regular information from banks. The bank immediately informs the Income Tax Department about the person who is withdrawing or depositing large amounts of money. Not only this, information about how many bank accounts are opened on the same PAN number can also be taken in one click.
Suspicion arises if multiple cities of the same person open an account: If a person has opened several bank accounts in different cities, he is still eligible for doubt. Many years before today, when banks did not have a centralized banking system, it used to happen. Businessmen working in many cities used to do this, because at that time it took time to clear the check of bank of another city. Now in the CBS system, money is transferred in the blink of an eye. In such a situation, if a person opens an account in different cities, then obviously there is some other purpose.
The Income Tax Department has told ET that such cases keep coming up. Some time ago in Ghaziabad, a person was caught, who had opened more than 80 accounts in a private bank and a government bank. The Income Tax Department suspected that it has turned black money equal to about 380 crores rupees on the basis of these accounts. Similarly, in demonetisation, a person came to Delhi in Delhi who was involved in the motor parts market of Kashmiri Gate and had more than 20 bank accounts. The interesting thing is that the person did not even have any whereabouts. When the market was closed at night, he used to sleep on the bed in front of a shop. But during demonetisation, he had deposited lakhs of rupees in his account.