#high value transactions

[techminsolutions]

💬 *7 Transactions That Could Trigger an Income Tax Notice!* 🚨 ⚠️ Certain high-value transactions may catch the attention of the Income Tax Department. Here’s what to watch out for:

🔹 Foreign Travel: Spent over ₹2 lakh? ✈️🌍 🔹 Credit Card Spending: Crossed ₹2 lakh? 💳 🔹 Cash Payments for Credit Cards: Paid ₹1 lakh+ in cash? 💵 🔹 Investments: Put ₹10 lakh+ in mutual funds, shares, or bonds? 📈 🔹 Property Purchase: Bought property worth ₹30 lakh+? 🏡 🔹 Cash Deposits: Deposited ₹10 lakh+ in cash? 🏦 🔹 Business Transactions: Cash dealings above ₹50,000? 📊

✅ Stay compliant, monitor your finances, and consult a tax expert to avoid surprises! 🧑‍💼

[babatax]

CBDT asks self-reporting orgs to file details of high-value transactions by June 30, 2024

The Central Board of Direct Taxes (CBDT) has asked SROs or self-reporting organisations to file details of all high-value transactions that were carried out in 2022-23 by June 30. The SROs include organisations such as banks, post offices, co-operatives, fintechs and mutual fund houses. Any transaction over Rs 50 lakh, share sale and purchase of above Rs 10 lakh and post office deposits and…

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[babatax]

Income tax dept sent mass messages to ITR filers relating to high value transactions

Compliance Portal’s e-Campaign: Many taxpayers are receiving this message from the income tax department: “Attention ABC, (PAN -XXXX) Income Tax Department has identified certain information related to high value transactions, which does not appear to be in line with the Income Tax Return filed by you for the Assessment Year 2023-24 (relating to FY 2022-23). You can view the information on…

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[telugunewsonline]

ఎంత డబ్బైనా ఇక ఈజీగా పంపొచ్చు

న్యూఢిల్లీ, సాక్షి: నేటి నుంచి ఏడాది పొడవునా.. 24 గంటలూ ఆర్‌టీజీఎస్‌ సేవలు అందుబాటులోకి వచ్చాయి. దీంతో రూ. 2 లక్షలు.. అంతకుమించి పెద్ద మొత్తాలను ఆన్‌లైన్‌ ద్వారా సులంభంగా బదిలీ చేసేందుకు వీలు చిక్కింది. వాస్తవ సమయానుగుణంగా సర్వీసులు అందుబాటులోకి రావడంతో భారీ సొమ్మును సైతం త్వరగా బదిలీ చేసేందుకు అవకాశమున్నట్లు బ్యాంకింగ్‌ వర్గాలు పేర్కొన్నాయి. తద్వారా రోజంతా ఆర్‌టీజీఎస్‌ సేవలు అందుబాటులోగల ప్రపంచంలోని కొద్ది దేశాల సరసన భారత్‌ నిలిచినట్లు తెలియజేశాయి. నగదు బదిలీ సేవలలోగల ఐదు ముఖ్యమైన పాయింట్లను చూద్దాం.. (జనవరి 1నుంచి చెక్కులకు కొత్త రూల్స్‌) ఈజీగా..

RTGS High Value Payments India | High value transactions For 24/7

[promrpdude]

Taxpayers Not Required To Disclose High-Value Transactions In ITR: Report Taxpayers is not going to be required to say their high-value transactions of their revenue tax returns, officers within the know of the event mentioned.

[weelectronicstudentreviewstuff]

Taxpayers Not Required To Disclose High-Value Transactions In Return Form: Report Taxpayers will not be required to mention their high-value transactions in their income tax returns, officials in the know of the development said.

[newstox]

Taxpayers Not Required To Disclose High-Value Transactions In Return Form: Report Taxpayers will not be required to mention their high-value transactions in their income tax returns, officials in the know of the development said.

[bbn24tv]

Third parties to report high value transactions to identify tax evaders, says govt

Third parties to report high value transactions to identify tax evaders, says govt

Finance ministry officials have refuted media reports that claimed that government was considering modification of income tax returns forms for an expansion of statement of financial transactions (SFT) to ensure that the high value financial transactions are filled in the ITR by the taxpayers themselves.

The officials called the reports “totally misleading”, while clarifying that the taxpayer…

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