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 ?
Not as such.
But ITD can get the details from RBI, if it needs.
But AIR submitted by bank should reflect in 26as form. right ?
What does it mean if 26as AIR entry is empty ?
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