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  • News From Press Here's how the income tax department tracks your financial transactions

    Here's how the income tax department tracks your financial transactions

    The government recently amended the Form 26AS which will show high-value transactions that are conducted by you in the financial year. However, there are other ways in which the tax department can track your financial transactions. Given below are the list of those ways.
    The Economic Times Aug 3, 2020

    Today, several financial transactions by individuals get captured by the tax authorities. ET Wealth lists the expenses and investments that are likely to get  noticed. Transactions where  quoting your  PAN is compulsory under Rule 114B, certain transactions require compulsory quoting of the individual's PAN.  

    Read more

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