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High-Value Cash Transactions That Could Trigger Income Tax Scrutiny

BankBazaar

Large cash transactions, particularly those exceeding specified thresholds, can attract attention from the Income Tax Department. The Income Tax Department (ITD) employs stringent regulations to monitor high-value financial transactions to prevent tax evasion and money laundering.

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Surprisingly Effective Strategies to Overcome Credit Card Debt

BankBazaar

Struggling with Credit Card debt? Credit Card debt can quickly spiral out of control, especially if you’re not able to pay off your balance in full each month. While Credit Cards can offer benefits like reward points, cashback, and interest-free periods, they can become a financial burden if mismanaged.

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Hacker Tracker: The Evolving Threat Of Tax Fraud

PYMNTS

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. Cybercriminals aren’t always going to go after credit card information, because they don’t have to.

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Fave: Inside Southeast Asia’s Merchant Super App

PYMNTS

For example, many merchants worry about the costs associated with card payments, although such fears are diminishing rapidly as interchange fees across the region fall. But he said merchants also fear taxes. Governments [in] general like this digital push because it definitely increases tax revenues,” Neoh said.

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4 Ways To Invest Your Tax Refund

BankBazaar

Got a big tax refund? We all dread that time of the year when we have to file our Income Tax returns. All those calculations and figuring out which section of the Income Tax Act to claim refunds under can get pretty complicated, we admit. But think of the time when you get a sudden windfall as a sizeable tax refund.

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A Closer Look: Turning the Magnifying Glass on Ourselves This World Kindness Day!

BankBazaar

1) Kindness in Staying Out of Credit Card Debt Credit Card debt is more than just a financial burden—it can also bring stress, anxiety, health issues and even strain on relationships. Additional reading: 8 Credit Card Hacks to Crack Festive Season Savings! Consider this as a form of kindness, too.

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All About Filing Nil Income Tax Returns

BankBazaar

Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.

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