Regarding AIR ( Annual Information Report) 26AS
This query is : Resolved
03 April 2020
Hello,
What happens when a transaction gets reported in AIR ? Is is compulsory that IT department will pickup for Scrutiny ?
this year i have redeemed all my mutual funds from 2-3 fund houses and made a single transaction greater than 10lakhs so i will have transaction in AIR.
What will happen , please guide ?
What happens when a transaction gets reported in AIR ? Is is compulsory that IT department will pickup for Scrutiny ?
this year i have redeemed all my mutual funds from 2-3 fund houses and made a single transaction greater than 10lakhs so i will have transaction in AIR.
What will happen , please guide ?
04 April 2020
Not necessarily. But be sure to report all the transactions in your ITR for respective year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Booth for sales promotion
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
