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...
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).
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.
Mufasa wrote:My returns are CA audited , all businesss transactions are done from current account .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.
this is just a reminder to pay advance tax , what @androgame mentioned.
saymyname78 wrote:
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 .
Send sms to ca if he is handling IT return and audit and taking fee for that. He will see what can be done in these cases. Why you take headache when you are paying ca for this job itself?
Bk100 wrote:Send sms to ca if he is handling IT return and audit and taking fee for that. He will see what can be done in these cases. Why you take headache when you are paying ca for this job itself?
i am from tier 3 city , it is tough to trust CA or anyone like that .... if something goes south i.e in case of fines etc ... i will be only held responsible .
just being cautious from my side .
saymyname78 wrote:
i am from tier 3 city , it is tough to trust CA or anyone like that .... if something goes south i.e in case of fines etc ... i will be only help responsible .
just being cautious from my side .
Your turnover is big. As per under presumptive income taxation they are sending message to pay advance tax. Looks like you are paying less than 10000 tax on turnover of 3 crores. So on big turnover you got message to pay advance tax . So nothing to worry as far as I know.
Bk100 wrote:https://www.desidime.com/discussions/surplus-ad...Your turnover is big. As per under presumptive income taxation they are sending message to pay advance tax. Looks like you are paying less than 10000 tax on turnover of 3 crores. So on big turnover you got message to pay advance tax . So nothing to worry as far as I know.
saymyname78 wrote:
https://www.desidime.com/discussions/surplus-ad...
By mistake i have already paid 1.5 L advance tax .
As I already said - you need professional help as we can't actually know what % of profits you are earning in your business and how much advance tax you need to pay. Income tax expects limit bit higher advance tax based on 3 crore turnover. As other dimers said it is just reminder to pay last instalment of advance tax which is due on 15th march.
So nothing to worry if you are already paid 1.5 lakh advance tax and refund is due.
Bro , login and check your AIS , TIS statement . CHeck the transactions mentioned in the statement. If you need to pay advance tax, pay it.
saymyname78 wrote:You give 3 crore transaction statement to your CA but you dont give this SMS to him ... lol ... i find no logic here.i am from tier 3 city , it is tough to trust CA or anyone like that .... if something goes south i.e in case of fines etc ... i will be only held responsible .
just being cautious from my side .
third.i.financial.advisors wrote:Yes i have notfied my CA about this sms before creating thread here .
You give 3 crore transaction statement to your CA but you dont give this SMS to him ... lol ... i find no logic here.
Seems you already did... Share it with us...
Agnivo007 wrote:YesSeems you already did... Share it with us...
Mufasa wrote:Is the 10 Lakh spend limit on each card or cumulative annually across all credit cards?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.
tiruratiga558 wrote:please remove your name, pan etc and share notice here with some details about your transactions. we will try to help
Yes
its just AIS messages - ignore them
noobDealer wrote:Thanks for your concern bro, not received just kidding
please remove your name, pan etc and share notice here with some details about your transactions. we will try to help
Agnivo007 wrote:Seems you already did... Share it with us...
Majak na karo bhai, one guy is too much offended on me i just said him not to do those order place and cancel thing just to get 50 rs cb.
Itna suna raha din bhar mereko kya hi bolun 
f
rusty.james wrote:Majak na karo bhai, one guy is too much offended on me i just said him not to do those order place and cancel thing just to get 50 rs cb.
Itna suna raha din bhar mereko kya hi bolun
But whatever you said to that guy was correct
rusty.james wrote:Apna gravity aur kaam ke dum pe vishwas rakkho... aise din na dekhne padenge.Majak na karo bhai, one guy is too much offended on me i just said him not to do those order place and cancel thing just to get 50 rs cb.
Itna suna raha din bhar mereko kya hi bolun
![[MRP Error] AmazonBasics Glove with Protective Padding for Cycling, Riding, Camping and Gym, Set of 2, M](https://cdn2.desidime.com/topics/photos/1553760/medium/Screenshot_20230322_145624_Chrome.jpg?1679477192)
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).