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Best Suited for:
✅ Mid-Level Finance professionals who are currently working and eager to learn/update their skills.
✅ Senior Finance Leaders are looking to supplement their experience-based skills with a unique Post Graduate program to take their career to the next level.
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Be Future-ready with XLRI - Becker Program and get job from across the globe.
Learn from one of the India's Top Business School.
🔹11 Months | Hybrid Mode Classes with 3 Campus Immersion
🔹Interactive sessions with XLRI and Becker faculty.
🔹Be a part of XLRI’s wider Alumni Network.
Best Suited for:
✅ Mid-Level Finance professionals who are currently working and eager to learn/update their skills.
✅ Senior Finance Leaders are looking to supplement their experience-based skills with a unique Post Graduate program to take their career to the next level.
✅ CA/CMA/CFA Fully or part Qualified candidates aspiring to boost their career prospects and looking for a Global Qualification.
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The advantages of financing are greater than ever. Any business or organization can get pleasure from these advantages which include reduced costs, simplified budgeting, credit preservation, and suppleness.
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Responding to Income Tax Notices for Unexplained Bank Deposits – Step-by-Step Guide
This guide explains why taxpayers in India may receive notices under Section 68 or Section 69 of the Income Tax Act and how to respond appropriately to avoid penalties.
1. Reason for Notice:
If your bank account shows large cash or high-value deposits that do not match your declared income, the Income Tax Department may issue a notice under Section 68 (unexplained cash credits) or Section 69 (unexplained investments).
2. Documents Required for Justification:
To support your response, collect and submit:
Income proofs (salary, business receipts)
Gift deeds or inheritance records
Loan agreements
Bank statements & transaction history
3. Responding Through the IT Portal:
Access the official Income Tax e-filing website, navigate to “e-Proceedings”, and upload a detailed explanation along with supporting documents before the deadline.
4. Ignoring the Notice Can Be Costly:
Non-compliance may result in:
Reassessment of income
Tax demand with penalty up to 60% of unexplained amount
Possible prosecution in serious cases
5. Preventive Best Practices:
✔️ Maintain accurate financial records
✔️ Report all income sources in your ITR
✔️ Avoid large unaccounted deposits
✔️ Get professional tax advice when needed
📌 This educational image post helps small business owners, freelancers, and salaried individuals understand their rights and responsibilities under Indian tax laws.
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Pursuing an MBA degree makes sense for people who wish to progress in their professional lives. Any industry you work in today can benefit from having an MBA in finance. Some might wonder if earning an online mba degree in finance is worth the time and money involved. An MBA in finance has several advantages since it fosters the leadership skills required to succeed in the industry, particularly for individuals aspiring to manage teams in financial institutions or launch their own businesses.
Discover 6 proven ways to automate accounts payable and improve efficiency, accuracy, and vendor relations in 2025. Ideal for SMEs and growing businesses looking to streamline finance operations with AI-powered tools and AP automation software.
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