Income tax notice / sms

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saymyname78

Attention XXXXXX KUMAR (PAN XXXXXAAAAX ) Income Tax Department has received information about certain significant financial transactions relating to FY 2022-23 (AY 2023-24). Please view transactions under e-Campaign tab on Compliance Portal and remember to pay appropriate Advance Tax. You can access Compliance Portal by login to the e-filing Portal (https://www.incometax....in), and clicking Annual Information Statement (AIS) available under Services tab. On Compliance Portal, click e-Campaign tab. Campaign Type - Significant Transactions. - ITD

What to do in this case ? Unable to find anything relevant on income tax portal .

Apart from regular business transactions / online shopping etc, i am not involved in CC rotating stuff or anything like that . 

And related to advance tax we have another story i.e https://www.desidime.com/discussions/surplus-ad...

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This is more like a reminder to pay advance tax, nothing serious.

You can still visit the e-campaign portal and provide confirmation for the transactions. They arent gonna take any action on this info (as yet).

Deal Subedar Deal Subedar
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could be interest on savings account balance not included in itr wink

Deal Subedar Deal Subedar
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What's is your annual turnover as you have mentioned about business. Business transactions should be done by current accounts, not saving account. It's not about card rotation, if your spends /payments by credit cards  exceeded 10 lakh then income tax may serve you notice to declare your income.

Generous Generous
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My returns are CA audited , all businesss transactions are done from current account . 

annual trunover arrond 3Cr , CC transactions arround 15-20 K monthly .. i don't think greater than 10L annual . 

I pass on all ledgers , bank / CC statements to CA for audit . 
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this is just a reminder to pay advance tax , what @androgame mentioned.


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Bro , login and check your AIS , TIS statement  . CHeck the transactions mentioned in the statement. If you need to pay advance tax, pay it. 

Deal Cadet Deal Cadet
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Any one received notices from income tax, for making of transactions on lakhs
Finance Mentor Finance Mentor
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Seems you already did... Share it with us...

Deal Cadet Deal Cadet
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Yes
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Deal Lieutenant Deal Lieutenant
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its just AIS messages - ignore them

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f

replyuser
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