Do you know which high value transactions are tracked by the tax department? The various types of high value transactions which are commonly tracked by the tax department are as follows: - Cash deposits of more than 10 lakh rupees in your savings account - Credit card payments of more than 2 lakh rupees in a year - Mutual fund investments of more than 2 lakh rupees in a year - Investment of more than 5 lakh rupees in bonds, debentures or fixed deposits in a year - Investment of more than 1 lakh rupees in stocks or ETF’s in a year - Real estate deals (buying or selling) over 30 lakh rupees in a year
Posted on: Wed, 27 Aug 2014 16:04:26 +0000
Trending Topics
Recently Viewed Topics
© 2015