Bank transaction limit in savings

This discussion addresses whether a savings account with approximately 2 crore in transactions might trigger an audit, especially if business income from property sales is below the tax audit threshold. It highlights the importance of cash transaction percentages and maintaining parity with filed Income Tax Returns (ITRs). The consensus is that if there are no cash transactions and ITRs are filed correctly, a tax audit may not be applicable, and remittances themselves are generally not taxable.