high value transactions for it?

61°
Deal Cadet
jobster.vija...

I made FD of 25 L that also 2 fd ,one 10 and one 15 lpa,same bank,same acct

still bank reportted it to IT dept

is there way to avoid this reporting?

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Deal Lieutenant Deal Lieutenant
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Its is mandatory to report fd above 10lac. under one customer id.

Why you worry about reporting. just declare while filing itr

Like Magnet Like Magnet
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What do you think why the bank will not report this transaction?

Had it been different bank and different account, i could have understood

Deal Lieutenant Deal Lieutenant
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sft ke under report karna hota hai.vaise bhi all fd details even of 10k go to them.tension kyu le rahe ho?

Deal Cadet Deal Cadet
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bohemian wrote:

Its is mandatory to report fd above 10lac. under one customer id.

Why you worry about reporting. just declare while filing itr

CA asks money 

Deal Cadet Deal Cadet
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shriAyodhya wrote:

What do you think why the bank will not report this transaction?

Had it been different bank and different account, i could have understood

some other tier 1 bank didnot

The PostMighty The PostMighty
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jobster.vijay441 wrote:

seems u never filed ITR with CA

Why does a person with 25 lacs FD need a CA to file ITR? You can use cleartax Or any other website assisted service to file your ITR for free.

Deal Cadet Deal Cadet
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jobster.vijay441 wrote:

seems u never filed ITR with CA

You do not need Audit for 25L so why need CA. You can easily file by yourself. Or can get help from cleartax, tax2win etc website by paying 1000-2000 max.

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