Received notices or alerts from Income Tax Department? Here's how you can respond to them
Several taxpayers have received messages from the Income Tax Department alerting them about possible non-disclosure of high-value transactions such as property sales and purchases, foreign investments and remittances overseas, investments of over Rs 10 lakh in mutual funds, and capital gains made on the sale of equity shares.
Chirag Chauhan Paras Savla Income Tax Department Compliance Portal Annual Information Statement Income Tax
Source: moneycontrol.com