Don't donate over Rs 2000 in cash to parties: IT-department

New Delhi, January 24: The Income-Tax department issued advertisements asking people not to donate more than Rs 2000 in cash to any registered trust/political party. The Tax department also discouraged people from cash transactions.

This is the first public advisory that the department or its policy-making body-- the Central Board of Direct Taxes (CBDT) has issued vis-a-vis political donations.

It is understood that the clause has been added in the I-T public advisory in the backdrop of the government notifying the electoral bonds scheme.

The department also stipulated some more don'ts for the public like: "do not accept cash of Rs 2 lakh or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion.

"Do not receive or repay Rs 20,000 or more in cash for transfer of immovable property."

The I-T Department also added that one should not pay "more than Rs 10,000 in cash relating to the expenditure of business or profession."

The taxman asked the public to say "no to cash transactions" of all these kinds.

It added that contravention of these threshold cash limits "may result in levy of tax/penalty".

"Go cashless. Go clean," the advertisement underlined.

The department also urged the public to inform it about such violations or any instance of black money or benami assets transaction to it over email blackmoneyinfo@incometax.gov.in and nblackmoneyinfo@incom and etax.gov.­in or to the jurisdictional Principal Commissioner of the department.