Response to notice for high value transactions

Hi
Notice has been issued alerting high value transactions during the year for which feedback to be given by 31st dec 2023.
There is a transaction which is renewal of FDs which has been captured under high values transaction as mentioned above.
what feedback to be given for this.
please suggest.
Replies (3)
Quick Summary
A user has received a notice regarding high-value transactions for the year, with a feedback deadline of 31st December 2023. They are seeking advice on how to respond, specifically concerning the inclusion of Fixed Deposit (FD) renewals as high-value transactions. The user suspects this might be an error and suggests checking if it's the FD interest, not the renewal itself, that's being flagged. They are advised to verify the report details and consult a professional or the issuing authority.

I think may be wrong renewal of Fds not captured under high values transaction. perhaps fd interest not disclose
Need to check exactly what is there in the report. consult a professional nearby or please connect with the notice.
Pls post actual values..

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