I am not earning, i am still preparing for civil services & other govt. exams. (i.e SSC )
I have individual account in SBI and UBI , and also account with second joint holder with mom and dad in other 2 different account. ( ICICI &IDBI)
1— SBI acc is my oldest acc , which was using for online shopping for flight ,train tickets, telephone bill, bijli bill , and also e-commerce sites like Myntra, AMAZON etc. And total transaction I did in 2014-2015 , around 6lakh and Rs.7 lakh in 2015-2016. But right now I have only 1lakh in my SBI acc. Do I get IT notice ?
2— In UBI i have deposited 5lakh 2 years ago, after that i never operated this account. I am just getting 4% interest on it. So , after 30 Dec will I get IT notice by combining SBI+UBI acc ?
3— And what about deposited money combining all my acc of single & joint acc ?
All these money i got from my parents , he pays tax but for his account only. I never paid any tax in my life for my saving accounts.
I have heard somewhere that after 30th Dec 2016 , Govt gonna make list of all transactions done throughout the year , and if it exceeds more than 10 lakh , then it will lead to serious issue.