There is more difficulty in keeping money in bank accounts. Now if there is so much money in the bank then you may be questioned. Quickly check the account.
The rules have become even more difficult to keep money in the account. Not only will you have to answer the bank even after spending money in the account but also spending it. Know why and what has changed
If the account holders ignored the rules about the bank transactions on behalf of the government, then their hard earned money could be wasted
Under the new rules, the Income Tax Department is monitoring all your transactions in order to control black money. After which, you will now have to take some precautions while filing an Income Tax Return
The Income Tax Department can inquire with you on this. Even if a fixed year has fixed deposits of Rs 10 lakh or more in a financial year, the bank will give the information to the Income Tax Department
