This queries relates to my friend. He is doing online business like .....purchase mobile by using credit card and take the cash from buyers and then deposit it to bank to clear credit card credit balance. His question is his income is under exemption limit and he doesn't file itr. If his total transaction of deposit of cash in bank account exceeds 10 lac in a year. has he probability to get the notice from income tax because income tax department keep watch on cash deposit and withdrawals after certain limit
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