What will happen if I don’t report my Transactions to Income Tax Department
If you haven’t explained or reported the income, transactions or specific information such as
- Annual Information Return (AIR),
- Central Information Branch (CIB) data or
- TDS/TCS returns,
you will receive an email from Income Tax department seeking details of transaction or source of income.
- Resolve the Mismatch related Information in ITRs
- Submit Response if you have not filed your ITR regularly
- Respond against the Large Value Transaction
- Respond to the notices related to High Value Cash Transaction
- Respond to the notices related to Cash deposit during Nov 9, 2016- Dec 30, 2016
- SFT Preliminary Response