The income tax department has identified high value information

Vishuenc App (5 Points)

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) “