Govt to keep tabs on individuals exchanging over ₹2L: Report
The Income Tax department will keep a check on individuals who exchange an amount exceeding ₹2 lakh, reports claimed. This comes after ₹500 and ₹1,000 notes ceased to be a legal tender from November 9. The tax department has reportedly been asked to keep a record of individuals and their PAN card details, and tally it with the tax filing.