Regarding AIR ( Annual Information Report) 26AS
This query is : Resolved
ankit exclusive
(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 ?
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.
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