WebJan 17, 2024 · The Income Tax department monitors all credit card transactions, and concealing any high-value credit card transaction may attract attention. Payments of Rs 1 lakh or more in cash and Rs 10 lakh or more in any mode towards your Credit Card bills will be reported in accordance with Central Board of Direct Taxes (CBDT) regulations. WebMar 29, 2024 · After this the GST portal is linked with the Income tax portal. The assessee who has not filed the income tax return or GST return will be able to see their GSTR-2A purchases on the income tax portal. Further TDS and other High Value Transactions information is available with the Income Tax Department.

8 High Value Financial Transactions tracked by the Tax dept

WebIncome tax notice may come beacuse of these 4 Transactions these transaction may invite income tax notice Vikas Meena #mycompanyshorts Hindi MyCompan... WebMar 13, 2024 · Many Income Tax payers having high value transaction have started to receive communication from Income Tax Department via SMS and email like “Attention (PAN AAATXXXX0M), Income Tax Department has received information about certain high value financial transactions relating to FY 2024-20. Please view transactions under e … r b a discussed

e-Campaign for High Value Transactions in Compliance …

WebMar 31, 2024 · The income-tax department has started to reach out to certain taxpayers who failed to accurately report high-value transactions in their returns. WebApr 13, 2024 · How to file ITR without Form 16: The 26AS form provides details of any amount deducted as TDS or TCS from various sources of income for a taxpayer. It reflects advance tax and self-assessment tax details and high-value transactions entered into by the taxpayer. Get more Income Tax News and Business News on Zee Business. WebApr 5, 2024 · We appreciate that you have filed your Income Tax Return and contributed towards the progress of Nation. However, the Income Tax Department has received … rba folding seat b819687