Cash deposit in mutual fund, bank FDs that can attract income tax notice

The income tax department has become quite strict on cash transactions. They are keeping an eye on our deposits and withdrawal in such a way that even if we don't report about the transaction, they would come to know via balance sheets of banks, mutual funds and other institutions with which we have transacted. So, it's better to know one's limitations and remain inside that restriction. So, if someone is planning to invest in bank fixed deposit (FD), mutual fund, equity market or in bonds, there is a limit beyond which cash or digital deposit may attract income tax notice.

Click here to read