Notice us 148 & mentioned 285BA transaction Amount.

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Krishna (Querist)
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02 May 2022 if get notice us 148 ... in notice mentioned .. sft 285BA transaction & amount is given but not given type of transaction. Assessee dont know that transaction now from where to find that transaction ???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 May 2022 See the details in AIS (Annual information statement) Login in income tax portal and see it.

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Krishna

Krishna (Querist)
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03 May 2022 Sir; but this info. related to fy 2017 18; AIS data is available only for last 2 years in income tax portal. Can we check through insight portal through registration there ??? Then how to register there on portal ?

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 May 2022 Not possible.
In case of FY 2017-18 only few transactions are reported. Check with your client whether any of the following transactions done'.

Financial transaction specifically required to be reported under Section 285BA are as follows:

Transaction of purchase, sale/ exchange of goods or property or right or interest in a property; or
Transaction for rendering any service; or
Transaction under a works contract; or
Transaction by way of an investment made or expenditure incurred; or
Transaction for taking or accepting any loan or deposit.

You can check with AO also.

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