As per the EC rules, the CISF or police authorities at airports are supposed to report to the Income Tax department about any person carrying cash worth more than Rs 10 lakh, or more than 1 kg in gold. If a vehicle carrying a candidate, or his/her agent or party worker is found with over Rs 50,000 in cash or drugs, liquor, arms, or gift items worth over Rs 10,000, then the items will be seized
Financial Literacy News: The new financial year, 2024-25 has begun starting from April 1. However, the income tax laws from the previous year, FY 2023-24, remain in effect for FY 2024-25 because the government has not made any changes. Potential changes may be announced in the upcoming budget after elections, but until then, the old laws remain.
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Prior to every election, the EC issues detailed instructions to police, Railways, airports, the Income Tax department, and other enforcement agencies, to keep a strict vigil on the movement of cash, liquor, jewellery, and other freebies which could be used to influence voters.