Results 1 to 6 of 6

Thread: BEWARE of Detective camera of Income Tax Deptt !!!!!

  1. #1

    Cool BEWARE of Detective camera of Income Tax Deptt !!!!!

    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.

    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.

    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.....
















  2. The Following 2 Users Say Thank You to Dagar25 For This Useful Post:

    deshi-jat (December 31st, 2011), vijaykajla1 (December 31st, 2011)

  3. #2
    Really Nice Information Dagar!!
    Lost my cell..All are requested to send your contact details with name pls...

    Happiness is not something you find, It's something you create.

  4. #3
    Good awareness info Ajay Bhai. Hope some of us will be benefited by knowing these.

    Thanks.
    Remember, we all stumble, every one of us.
    That's why it's a comfort to go hand in hand.
    :D

  5. #4
    good info dager bhai, thanks, regards

  6. #5
    Quote Originally Posted by Dagar25 View Post
    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.

    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.

    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.....















    any deposit of rs 50,000 or more in a day must be accompanied by PAN number.

  7. #6
    Any internet transaction beyond Rs 10,000 is tracked by IT deptt.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •