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Exc 001 nms information code

20 February 2017

What is EXC 001 information code for cash transactions more than 10,00,000 in a month actually means. It is not related to bank deposits , mutual funds , credit card etc payments via cash. So can you brief me from where this code have been explained and what are the probable transaction covered under it? I cant find the same on net

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160317 Points)
Replied 21 February 2017

Was there any property transaction in that year? Its internal departmental information related code (VAT, CST etc.). May be third party information.

Ritesh Verma (5 Points)
Replied 21 February 2017

No return for VAT,CST and no property transactions

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160317 Points)
Replied 21 February 2017

EXC-001 Cash transactions exceeding Rs. 10,00,000/- in a month.

Check properly any expenditure related to marriage in the family, gifts in cash, etc. or you can reply for point 5. by choosing the option “Need More Information”. Sometimes it may be related to some other PAN.