🚨 High-Value Transactions Can Invite IT Scrutiny?

As financial surveillance tightens, the Income Tax Department is leaving no stone unturned. If you’re making big-ticket transactions, you’re already on their radar.

Whether it’s a luxury purchase, a hefty bank deposit, or a property deal—every move is being tracked. The real question is: Are your transactions clean, backed by documentation, and tax-compliant?

🔍 What Can Trigger the Income Tax Department?

Here are some transactions that raise immediate red flags:

• 💰 Cash Deposits: ₹10 lakh+ in savings or ₹50 lakh+ in current accounts annually

• 🧾 Large Fixed Deposits: Particularly those made in cash

• 🏠 Property Transactions: Buying or selling real estate worth ₹30 lakh or more

• 💳 Credit Card Payments: ₹1 lakh+ in cash or ₹10 lakh+ in any mode annually

• 📈 High-Value Investments: Mutual funds, stocks, bonds beyond ₹10 lakh

• 🌍 Foreign Travel & Expenditure: Lavish international trips or foreign remittances

• 💎 Jewellery & Luxury Goods: Large purchases without clear income trail

These transactions are routinely reported by banks, mutual funds, registrars, and other institutions to the tax department—and reflected in your Annual Information Statement (AIS) and Form 26AS.

⚠️ The Consequences of Mismatch or Non-Reporting

If your Income Tax Return (ITR) doesn’t align with the reported data, you could face:

• E-Campaign Notices

• Scrutiny Assessments

• Penalty Proceedings

• Unwanted Tax Demands

Most importantly, even genuine transactions can lead to trouble if they’re poorly documented or improperly reported.

✅ What You Should Be Doing

To stay compliant and confident, here’s what you must do:

1. Track Your Financial Footprint: Monitor AIS and Form 26AS regularly

2. Avoid Cash Deals: Stick to traceable banking channels

3. Maintain Strong Documentation: For income, loans, gifts, property deals, etc.

4. Reconcile Before Filing: Ensure your ITR matches reported data

5. Respond Promptly to Notices: Don’t ignore any communication from the IT Department

💼 How C.P. Agrawal & Associates Can Help

Since 2001, C.P. Agrawal & Associates has been a trusted partner for individuals and businesses navigating the complex world of tax and compliance.

Here’s how we simplify high-stake financial matters:

• 🧩 Pre-Filing Checks: We ensure your ITR matches all reported transactions

• 🧾 Documentation & Trail Building: Full support in preparing income and source proof

• 📊 AIS/26AS Reconciliation: Accurate mapping and resolution of discrepancies

• 📬 E-Campaign & Notice Response: Timely, expert replies to avoid escalation

• 🛡️ Compliance Advisory: From investments to real estate, get preventive guidance

🎯 Final Word

High-value transactions are no longer “private affairs.” They are visible, traceable, and actionable by the tax department. But with the right expertise, there’s nothing to fear.

Let C.P. Agrawal & Associates help you stay compliant, avoid surprises, and make smart financial moves with confidence.

📞 Book a consultation today and future-proof your finances.