Be Warned! These 7 Transactions Will Land You an Income Tax Notice

Be Warned! These 7 Transactions Will Land You an Income Tax Notice

If one makes large money transactions without going by the book, they might receive a notice from the Income Tax Department. The department keeps a keen eye on where money is taken or sent. If something is not right, a notice might be issued. In order to avoid that, it’s best not to make these 7 kinds of transactions unknowingly. Even a chartered accountant may not be able to help if there’s a problem. So it’s better to be careful.

Here are the 7 transactions that can lead to trouble: