It query for high value transactions

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This query is : Resolved

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If you've received an SMS from the IT department regarding high-value transactions in FY 19-20, such as bank or debtor interest exceeding Rs 1,35,000, you need to address it. Even if this income was already declared in your Income Tax Return (ITR) under 'other sources', it's advisable to check the transaction details and potentially revise your return. You should then provide a clear reply to the department stating that the income was declared.

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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29 March 2021 Sir
It Assess itr (it ) return filed in time in f y.19-20. recently mobile sms received from it department of high value transactions in f.y.19-20.
1.sb interest from three banks Rs:35,000/-
2.interest from debtor Rs:1,00,000/-
Total rs:1,35,000/- in f.y.19-20.
If Assess interest income rs:1,35,000/- already show in itr under other sources of income head.
Question:
Assess notice reply compulsory or not