Groceries, haircuts, & restaurant bills: IT dept wants details on your spending spree
- Posted on February 28, 2025
- By Business News Today
- 1 Views

Groceries, haircuts, & restaurant bills: IT dept wants details on your spending spree

The income tax department is investigating low bank withdrawals by high-income individuals and seeking detailed monthly expense reports. Notices ask for spending on groceries, clothing, education, and more, along with family member details. Queries target those with luxurious lifestyles but minimal withdrawals, suggesting possible undeclared income or cash transactions. The initiative aims to curb tax evasion.