Hawala Transaction


vimal punmiya

Accommodation Times News Service

Vimal Punmiya

Currently the sales tax department notified various parties as Hawala Operator. List of those parties is also available on MVAT site. Due to this racket Income tax department re-open the cases of those parties who have transaction with these parties. Because hawala operators open concerns in name of uneducated poor people. These operators received commission of .01 % to 5% depend upto sector to sector. Therefore, beneficiary should becareful because department made addition/disallowance on account of transaction with hawala parties on following grounds that –

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