Which transactions are tracked by Income Tax Department and which aren't?

The key is to ensure that income is correctly disclosed and that high-value transactions are explainable and consistent with ...

Which Transactions Are Tracked by the Income Tax Department? Check Key Reasons Why You Haven’t Received Your ITR In 2026

For returns filed for FY 2024–25 (Assessment Year 2025–26), the department has time until December 31, 2026 to process them ...
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7 Financial Transactions That Can Trigger an Income Tax Notice – Are You on the Radar?

Many taxpayers unknowingly engage in financial transactions that attract the attention of the Income Tax Department. Even if done legally, certain high-value transactions can raise red flags, leading ...
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Income Tax Department:You may get into trouble if you do such transactions in cash, income tax notice will come at home, so know the details.

If you are a taxpayer, then you should be careful about your financial transactions. Any kind of mistake or small mistake can bring an income tax notice to your house. Let us tell you that the Income ...

Understanding Single-Step and Multiple-Step Income Statements

Discover the differences, advantages, and drawbacks of single-step vs. multiple-step income statements for better financial ...