![MUST check in ITR filing! These cash transactions may lead to 100% income tax penalty | Mint MUST check in ITR filing! These cash transactions may lead to 100% income tax penalty | Mint](https://i2.wp.com/www.livemint.com/lm-img/img/2025/01/11/1600x900/income_tax_cash_transaction_1736580473794_1736580474008.jpg?w=600&resize=600,400&ssl=1)
MUST check in ITR filing! These cash transactions may lead to 100% income tax penalty | Mint
Source: Live Mint MUST check in ITR filing: Tax sleuths are out to tighten the noose on cash transactions. Ahead of the union budget, Mint takes a look at some transactions that may result in hefty penalties by the Income Tax (IT) department, as the government seeks to discourage the flow of liquid money. The…