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The income tax department has identified high value information

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Vishuenc App

25 Points Posted on 30 March 2021

Hi Team,

Received message below. What actions to be taken ? please help.

“ We appreciate that you have filed your Income Tax Return and contributed towards the progress of Nation. However, the Income Tax Department has received information on high value transactions relating to (XXXXX1111X) for Financial Year 2018-19. On the basis of data analysis, the Income Tax Department has identified following high value information which does not appear to be in line with the Income Tax Return filed for Assessment Year 2019-20 (relating to FY 2018-19) “

Replies (4)

Quick Summary

An individual has received a notification from the Income Tax Department regarding high-value transactions for FY 2018-19 that don't align with their filed tax return. They are seeking advice on the necessary actions to take, particularly after encountering a broken link for further information. The discussion suggests navigating to the Income Tax portal's compliance tab to identify the specific non-compliance and then proceeding with a response, potentially involving Fixed Deposits (FDs).

Shreya Bafna

153 Points Posted on 30 March 2021

Https://facelesscompliance.com/8338/how-to-submit-reply-for-income-tax-e-campaign-on-compliance-portal-for-non-filing-tax-return-and-high-value-transactions

Vishuenc App

25 Points Posted on 30 March 2021

your link says ---

Oops, 404 Error

CA HARSHITA AGARWAL

FCA

66 Points Posted on 30 March 2021

Login to your Income tax portal. go to compliance tab. Then click on View and submit compliance. See for what income it is showing non-compliance. Then only we can go forward to show you suggestions.