Dagar25
December 31st, 2011, 01:50 PM
Dear members.........
If you are not aware about the secret eyes of Income Tax Deptt........then please be aware that following transactions are reported to I.T. deptt. by the concerned person.
This is as per law and the same person with whom you have made transaction is compelled under I .T. Act to submit the information to department annually !
1.You have deposited Rs 10 lakhs in aggregate in a savings account with a bank.
2.Payments of Rs 2 lakhs in aggregate in a year made through your credit cards.
[/URL]3. Bought Mutual Fund units for Rs 2 lakhs from a mutual fund company.
4. Invested Rs 5 lakhs in bonds or debentures issued by the company or institution.
[URL="http://taxworry.com/wp-content/uploads/2011/08/five.gif"] (http://taxworry.com/wp-content/uploads/2011/08/three.gif)5. Applied for shares in IPOs for Rs 1 lakhs or more.
6. Purchased or sold immovable property valued at 30 lakh rupees or more.( the registry deptt would reveal about the transaction)
7. Applied for RBI bonds for 5 lakh rupees or more in a year
Ref: Section 285BA read with Income Tax Rule 114E
Share with others if you are already aware.....
If you are not aware about the secret eyes of Income Tax Deptt........then please be aware that following transactions are reported to I.T. deptt. by the concerned person.
This is as per law and the same person with whom you have made transaction is compelled under I .T. Act to submit the information to department annually !
1.You have deposited Rs 10 lakhs in aggregate in a savings account with a bank.
2.Payments of Rs 2 lakhs in aggregate in a year made through your credit cards.
[/URL]3. Bought Mutual Fund units for Rs 2 lakhs from a mutual fund company.
4. Invested Rs 5 lakhs in bonds or debentures issued by the company or institution.
[URL="http://taxworry.com/wp-content/uploads/2011/08/five.gif"] (http://taxworry.com/wp-content/uploads/2011/08/three.gif)5. Applied for shares in IPOs for Rs 1 lakhs or more.
6. Purchased or sold immovable property valued at 30 lakh rupees or more.( the registry deptt would reveal about the transaction)
7. Applied for RBI bonds for 5 lakh rupees or more in a year
Ref: Section 285BA read with Income Tax Rule 114E
Share with others if you are already aware.....