10 High Value Transactions which can attract Income Tax Department Notice
There are some of the high value transactions are there which can attract income tax department notice.
Topics cover under this are :
00:00 introduction of video topic
00:24 Reasons why income department look after expenses and investment
01:02 More than 10 lakhs cash txn in saving account can attract notice
02:14 More than 50 lakhs cash txn in current account can attract notice
03:21 Fixed deposit of more than 10 lakhs in cash can attract notice
04:05 Csh payment of 1 lakh and 10 lakhs bill payment by digital payment can attract notice
04:45 sale purchase of property more than 30 lakhs can attract notice
05:33 investment in share market of rs. 10 lakhs in one company
06:14 more than 10 lakhs investment in bonds and debentures
06:45 pay order or demand draft of more than 10 lakhs in cash
07:24 foreign currency expenses of more than 10 lakhs in financial year
08:09 sale/purchase of goods more than 2 lakhs in cash
09:01 how and who gives information to income tax department
09:27 Form 61A
09:59 reasons when income tax department seeks clarification
11:23 Form 26A to know about own SFT reports
Murari Garg
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