high value transactions

If you have more than Rs. 10, 00,000 in your saving bank account or you have spent more than Rs. 2, 00,000 through your credit card then be ready to get an income tax notice if there is a mismatch between the income you have declared in your income tax return and your investment or expenditure. All Banks, mutual fund, credit card companies and other establishment covered … [Read more...] about All Your high Value financial Transactions are reported to IT Department