Income tax notice / sms
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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could be interest on savings account balance not included in itr
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.
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 .
this is just a reminder to pay advance tax , what @androgame mentioned.
Bro , login and check your AIS , TIS statement . CHeck the transactions mentioned in the statement. If you need to pay advance tax, pay it.
Seems you already did... Share it with us...
its just AIS messages - ignore them
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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).