Rajesh Kumar (15 Points)
06 January 2023I got a e campaign email from income tax department through an email to verify high value transactions. I had around 60 lakhs in credit card transactions reported due to money rotation between credit cards. I am worried that I might be in trouble for this. Can someone please help with advise on this? Will I get a income tax notice and penalties for this
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(162217 Points)
Replied 06 January 2023
Have you filed ITR of the relevant assessment year?
Rajesh Kumar
(15 Points)
Replied 06 January 2023
Yea. ITR has been filed with income around 20 lakhs but SFT of credit card is reported as 60 lakhs. Is there any issue ? Can I talk to you ? I am worried about consequences
Rajesh Kumar
(15 Points)
Replied 06 January 2023
Yea. ITR has been filed with income around 20 lakhs but SFT of credit card is reported as 60 lakhs. Is there any issue ? Can I talk to you ? I am worried about consequences
Rajesh Kumar
(15 Points)
Replied 06 January 2023
| Originally posted by : Dhirajlal Rambhia | ||
 |
Have you filed ITR of the relevant assessment year? |  |
Yea. ITR has been filed with income around 20 lakhs but SFT of credit card is reported as 60 lakhs. Is there any issue ? Can I talk to you ? I am worried about consequences
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(162217 Points)
Replied 06 January 2023
Keep the recors ready .... as replied in another/repeated query...
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
