Reg. Compliance Portal - Significant Transactions...

This query is : Resolved

Lakshminarayanan (Querist)
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21 June 2020 Recently when I logged into e-filing site, I noticed that there is a e-campaign entry in compliance portal regarding "Significant Transactions". These transactions are nothing but the commission as received by me from various insurance companies which has been taken from TDS certificates I suppose. It did not include the last quarter income too.

Should I submit the response to this in the portal? If YES, should I say that the amount is incorrect as it does not include last quarter income.

I didn't receive any mail / SMS intimation on the same - neither there is any "Pending" in "for your action" tab in the portal.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 June 2020 Yes, submit response in the portal. Don't point out any omissions.

Lakshminarayanan

Lakshminarayanan (Querist)
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21 June 2020 Sure. But the amount is incorrect. It didn't include the amount credited in the last quarter at all. Shouldn't I point that out and say that it is incorrect?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 June 2020 No need to point out such omissions.

Lakshminarayanan

Lakshminarayanan (Querist)
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21 June 2020 Thank you sir for your reply - but curious why it should list as Significant transactions as if it is "suspicious" when all the money is received through legitimate sources & this has been received every year since last 16 years!!!

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