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# transactionreporting

1 posts in `transactionreporting` tag

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Income tax

Taxman on High Alert: CBDT Cracks Down on Evasion with Transaction Reporting

In a move to strengthen tax compliance and curb evasion, the Central Board of Direct Taxes (CBDT) in India is mandating "reporting entities" like banks, fintech companies, and property registrars to submit details of all high-value transactions conducted during the financial year 2022-23. This blog post explains what this means, who it affects, and why the CBDT is taking this step.