if a person's bank transactions in savings bank account is about 2cr , can he will audited his account or not?
if his income from business (sale /purchase of property) below exempt limit?
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Bank transaction limit in savings
Replies (2)
What is the percentage of cash transaction in the business?
If no cash transactions, no tax audit applicable.
Keep a parity with itr filed. Remittance by anyone is not taxable
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