Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty. 2 The deadline for first GST Return, GSTR- 3B, has been extended (states are still coming up with Notifications) to August 28 from its original deadline of August 20 3 Aadhaar-PAN linking can be done till August 31; I-T returns to be processed after the linking, says Central Board of Direct Taxes

A 70-year old lady can get 400 gm. of gold as customary gifts over a period of four decades : HC

Where over a period of 40 years a 70 years old lady received gifts of gold jewellery of about 400 gms. as per customs from relatives and family members, same could not be retained after seizure

Refer:[2016] 76 taxmann.com 163 (Delhi)

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