Neft transactions-income tax

Koustav Chatterjee (17 Points)

25 August 2019  

How does income tax finds out your inward NEFT transaction if your bank doesn't report it ?

If i have some incoming amount more than 100,000 through NEFT, how does the income tax finds out about the same ?

Does RBI plays a role here as NEFT is cleared through RBI ?