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Regarding AIR ( Annual Information Report) 26AS

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(Querist)
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 ?
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swasti

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swasti (Expert)
04 April 2020 Not necessarily. But be sure to report all the transactions in your ITR for respective year.
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