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My uncle has got a message from IT department for High value transactions. What action to be taken for this ?
My uncle has got a message from IT department for High value transactions. What action to be taken for this ?
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Subin VR, Chartered Accountant,FCA, DISA (ICAI) 
Answered on December 22,2020
You have to give a response on Income Tax efiling site showing the source and reasons for that high value transaction. If required, have to file IT returns too.
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