Have you done this mistake too? Then the notice of income tax will come home,know

In the event that you store cash in real money, as a matter of some importance read this news. The period is of advanced exchanges and the public authority watches out for all your monetary exchanges, in such a circumstance,you can get a notification from the Income Tax Department on saving the sum in real money. We should be aware.

Cash Transaction Notice: If you are a citizen then there is vital information for you. Your one misstep can get you a notification from the expense office. In reality,the public authority watches out for all your monetary exchanges. In the event that you in all actuality do cash exchanges beyond what a cutoff,you can get a notification from the Income Tax Department.

As a matter of fact,the Income Tax Department needs to give data to banks,shared reserves,business houses and property enlistment centers assuming somebody really does enormous money exchanges. In such a circumstance,in the event that you additionally do more money exchanges than computerized,you are committing an error. Tell us about whatever cash exchanges that can get you the notification of Income Tax Department.

Property Shopping

In the event that you trade property worth 30 lakhs or more in real money,then you will be educated about this to the Income Tax Department. In such a circumstance,the Income Tax Department can ask about it from you. You can likewise be gotten some information about the wellspring of your money.

Installment of Credit Card Bill

On the off chance that you likewise store the Visa bill in real money,you can cause problems. Assuming you store your charge card bill in real money more than Rs 1 lakh in one go,then at that point,the Income Tax Department can ask about you. In the event that you cover a charge card bill of more than Rs 10 lakh in real money in a monetary year,then at that point,you will likewise need to give the source.

Purchasing of offers and common assets

Be careful in the event that you put resources into the financial exchange or do a lot of money exchanges in common assets,debentures and securities. In the event that you put more than Rs 10 lakh in these in a monetary year,you can get a notification from the Income Tax Department.

Store in real money in FD

In the event that you store more than Rs 10 lakh in fixed stores in a year,then the Income Tax Department might get some information about the wellspring of these cash. You store cash in FD carefully just,so the annual assessment division will have a record of your exchanges and you won't deal with any issue.

Try not to store cash in ledger

The manner in which you store Rs 10 lakh or more in real money in a year in fixed stores,then you might be addressed. Aside from this,in the event that you saved a measure of 10 lakh or more in real money in a year in any bank or co-usable bank,then,at that point,you will go under the radar of Income Tax Department. In such a circumstance,to store any sum,do it online with the goal that the division is familiar with your exchange.