Self Transfers and Contra Entries in ITR Now Mandatory If You Have Rs 50L in Savings

CA Ruby Bansal , Last updated: 28 July 2025  
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It is now mandatory to report entries of all bank transfers in your Income Tax Return (ITR) such as between one's own bank accounts, from UPI to wallet, wallet to UPI and interbank transfers as large self-transfers can raise red flags if not reported correctly. Rs 50 Lakh Savings Rule If total

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Published by

CA Ruby Bansal
(Finance Professional)
Category Income Tax   Report

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