8 High Value transaction for Income tax Notice | SFT Transaction | Complete Solution | By CA Sachin
ฝัง
- เผยแพร่เมื่อ 30 ก.ย. 2024
- Have Any Queries Call/Whatsapp On
+91 9319333248
+91 8851223067
In this video Expert CA Sachin explained the following points.
Q1-What are high value transaction for Income tax Notice.
Ans: Total cash deposit exceeds Rs 10 lakh or more in a year in saving account
-Cash deposit or Cash withdraw more than Rs.50 lakhs (ALL CA)
-Cash payment of Rs 10 lakh or more for purchase of bank drafts or pre-paid instrument.
-Mutual funds, Stocks, bond or debenture Rs. 10 lakh limit.
-(listed or unlisted) more than Rs.10 lakhs in a financial year than the Company will report it to Income Tax authority.
-More than Rs.10 lakhs to a credit card company in a financial year than the Credit Card Company will report to Income Tax authority.
-Not cross Rs. 1 lakh limit in cash.
Q2-What is limit for cash deposit for Income tax deposit.
Ans:There is no limit of cash deposit in any account but we need to known the sources of cash deposit like income in cash, property sold in cash etc.
Q3-How Income tax department record high value transaction.
Bank, post office quarterly submit return with our PAN , address and amount with nature of transaction and Income tax department match these details with our Income tax return.
Q4-Who submit our high value transaction to Income tax department.
Bank, post office quarterly submit return with our PAN , address and amount with nature of transaction and Income tax department match these details with our Income tax return.
Q5-How to avoid high value transaction.
Ans: See Video
Q6-How to avoid Income tax notice.
If any one has done high value transaction like cash deposit in saving or current account, property purchased or sale, share purchase or sale show all complete details in the ITR as per record available and showing in 26AS.
![[Live] ศึกมหึมันส์มวยไทยสังเวียนเดือด เวทีมวยชั่วคราวสวนสยาม | จันทร์ 30 กันยายน 2567](http://i.ytimg.com/vi/pM1k6f7JXUc/mqdefault.jpg)
Thanks Sachin bhai, your videos are very knowledgeable, some facts are not known to comman man as fix deposit, shears trading, which are not shown in as 26 upto last year.
It's my pleasure 😇
Sir, I have 4 bank accounts. I deposited total 4+ lacks cash in F.Y. 2021-22. The money is not my earning. I collected it from my parents and send to another person. I have submitted ITR of 26,450 which is my actual earning. Is this okay that i have showed my income less than the actual cash deposited in my account.
Bahut kam amount hai kuch nhi hoga don't worry
Video banate samay writing board ka pura dikhe to accha rahega.....u should stand either on complete left or complete right so that we can read the board.
Impressive way of teaching...God bless you
Thanks 🙏🏻 noted
Use full information unable to find out any where.
Sachin sir is best .
Aur property kharidne yaa bechne ke baad address change kar liya to IT notice ka kya hoga? Kyonki wo kahan rah raha hai, kam se kam 1 saal tak to pata hi nahin chalega. Aur PAN surrender karne ka bhi kuchch process to hoga, please batayein?
Sir, netao, apraadhio ki transection ki suchnaay kyo ni milti i.tax walo ko,pakdy gaye to salo saal janch Puri ni hoti, aam aadmi ki suchnaa turant mil jati h, action bhi turant hota h
Very difficult exam to pass CA exam. From where did he pass?Most take 2 or more attempts
Only single authority all over world for ca
ICAI
@@expertcasachin Congratulations!
Or mujhe kya krana chye main redymade garment ka shop open Krna chata hun or aap ke help line no me mai project report prepare ke liye baat kiya tha , sir new business start krne ke liye itr ka documents hona jaruri hai
Sir main online transaction 20lac tak kar liya hoon(cash nahi tha 1 rs bhi) jisme logo ka crypto buy kar k transfer karta tha.....
Mujhe 5 se 10℅ milta tha to kya ispe bhi department ki nazar hogi....
Notice aya kya bhai
Sir crypto me 10lakh ka profit hua hai to kya tax sirf 5lakh me Dena hoga yeah pure 10lakh per
10 lac
Best line
Aap maare jaaoge. 🤣😀😅
Kindly make one video on how to show PF WITHDRAWAL in ITR. (Both Advance PF withdrawal and Full and Final PF Withdrawal)
Sir apka phone no. Dijiye plz
अगर CSC DIGIPAY या PAYNEARBY AEPS द्वारा बैंक CA AC का ट्रांजेक्शन 1 करोड़ से 2 करोड़ हो जाती है। जो बैंकिंग सर्विसेज है। और कैश न लेकर मोबाइल या नेट बैंकिंग द्वारा पैसा ग्राहक को AC में जमा किया जाता है। क्या इसमे कोई परेशानी है, सरजी बताएं।
Sir please make video on carry forward and brought forward TDS in new income tax portal
सर आप यह बताएं कि crypto currency से दो करोड़ का इनकम मैं अपने current account में transfer करता हूं तो क्या करना होगा?????
Itr and audit
Sir Mere papa ke account me 488800 rupay unke dost ki agriculture income aayi h aur mere papa ki income only 80000per year h, unke dost ki income ke 6-R Hamare Pass Hai, Kya isse hame koi dikkt aayegi? Aur ye income papa ki itr me kis trah show kri jaye
Really wonderful and must follow the rules strictly thanks. 😀😉😀😄😆
Sir please improve the video quality
Some where last year I come across anews item
That sr. citizen who has income
from pension and interest from deposit are not required to file return, becauses salary and itrrstt sf
Yes if complete tax deducted
Sir, mera 8lakh ka fd tha 4bank me usmese ak fd 2lakh ka close hokar account me credit hogeya fir same day same bank same savings account me kiya he o Fd 10 lakh me count hoga? Or sir mera income source me last 4 year se gulf me reheta hu. Mera kohi ITR nahi he or mera savings account he me either se remittance karta hu mera account me. Mera notice aasakata he? Please reply me sir
Sir,Agar purani fd's break karke new fd banwate h to wo bhi income may show hoga Please reply.
Yes
Hello sir...
M Rajesh from yamunanagar Haryana
My business is CSC center and my money transfer work is very much, all my transactions are done from my current account . And every year I also file ITR. But all my transactions are done through Paytm ,Google Pay.And my year's transactions become 15 to 20 lakhs. Sir please confirm transaction from paytm Google pay is right or wrong...?
Sir agar mai aapne card se 20 lac spend karu or uski emi 24 month ki karva du 83k ki or mai aapne card ka settlement krva lu tho bhi income tax ka koi notice aayega kya?
Plz reply
Hello sir
Mera sbi saving account h or digital payment transaction in July to September 23 lack k around ho gya h isme cash depoist 3 lack h or total amount 26 lack ho gya h credit or debit dono count karke kya kru sir?
Hi kya hua fir?
Sir my mother deposited 450000 cash in her Bank account after my fathers Demise.will she get notice from ITR and please suggest solution on this problem
No problem
Bhai 5000 - 10000 koi nai leta itna kahe.. max 1000 rupye me hota hai
mere kisi relative ne cheque diya usake nam se to rejistration me de sakata hai kya
sir meri annual income last 3-4 years ki 7-10 lakh h aur total cash m hoti h saving account m 10 lakh wali limit bhe cross nhi hoti kabhi same account m fixed deposites bhe h arround 4-5 lakh but m meri itr file nhi krta kya notice aa skta h mujhe kuch years m ya safe hu ...ITR file iss liye nhi krta kyuki cash income ka source registred nhi h
sir mere ais me 72000 deposite ka int dikh raha hai jo ki mujhe int 10/2021 me credit hua hai to kya ay 2021-22 me dikhana padega ya AY2022-23 me dikhana hai
Sir ji aap top vedio बनाते हो मुझे बहुत पसंद है
Share trading loss me government degi kya 😊😊😊
manalo mere pas paise hai kisi relative se liye to usaka tax de sakte hai kya
Mahangayi iitni badh gayi hai ki aaj kal 50000 me bhi mahina chalta loan lena padta hai ghar halane ke liye
Aam admi bhahot pareshan our limit rakhi 5 lakh ki
Sab par tax to leti hai sarkar
Har prduct par khane pine ke chijj par bhi aab log pareshan hokar ya to atm hattya karenge ya desh chod kar chale jayenge abhi kale angej tax 10 guna mehangaye badhake tax limit vahi kya comerce hai
Sir, how much amt. I withdraw from all types of accounts including overdraft limit in a FY.
जितना मर्जी टैक्स दे दो सरकारे की भूक कभी कम नहीं होगी.
Sir Namaskaar
Maine home ke saath renovation loan bhi lena hai 40 lakh home loan aur 50 lakh renovation loan
Main registry ke baad renovation loan jo mere account Mai bank se aaya hai usko cash Mai withdraw Kar sakta hoon ? Koi limit toh nahi hai?
Avoid if possible
सचिन सर, मैने 2 लाख का प्लॉट लेकर उस पर मकान बनाकर 9.5 लाख का बेच दिया, क्या ITR भरना जरूरी है? पहले कभी नही भरी।
If capital gain means profit then yes
Sir mere father ne mereko 9 lac diya financial year 2021 me shears me invest ke liye Maine us paise ko savings a/c me deposit Kia aur waha se deamat a/c me transfer Kia aur invest Kia lekin Maine ITR file nahi Kia hai to mere ko Kya Kya problem face Karne pad sakte hai???
Please reply sir🙏
Dear I need discussion and some point call on 9319333248
Sir i had deposit 5lakh in my account till now. Now what should I do.
And never file itr.
5lakh is my saving of many years.
No tension
Sir gud evening , Sir ek property ka circle rate 15 lakh h , total cost h 27 lakh , total payment (27lakh) by cheque, d.d, on line received karne per koi income tax notice aayega plz help
No
But file itr
Circle rate se kam par notice a sakta hai jada par nahi
Funds transferred from NRI son to parents through cheque from NRE a/c
मैंने लड़के के नाम से एक कार 10:50 लाख की खरीदी तथा एक मोटरसाइकिल 90000 की खरीदी है । मैंने पेमेंट चेक के द्वारा की है क्या उसको मैंने आइटीआर में दर्शाना पड़ेगा।
No need sir
Anyone pliz help... 10 lakhs transaction is the max anount in saving acc. Is it 10 lakhs for deposit and 10 lakhs for withdrawal seperately. Pliz help
Yes
@@expertcasachinIn my saving acc if i deposit 10 lakhs in a fy and 10 lakhs withdrawal in the fy, do i need to file ITR, Pay Gst or other income tax things. Pliz i didnt understood
Dear consult near ca or us in details to avoid any litigation
9319333248
How can sft -016 reply?
Thanks for sharing nice information & that too in a nice & easily understandable way.
ITR: jai ho !!!!
Me: 😭😭😭
Dear sir , main mudra loan lena chata hun or jab main apne home branch cbi me branch manager ko mila o bol rahe hai aapko itr ka documents bhi submit Krna hoga sir , but main new business open Krna chata hun mera koi exciting business nahi hai jise ki mai itr ka documents show kar saku , sir aap mujhe bataye mujhe kya karna chye
Contact 9319333248 team will do this task
Sachin Bhai jab tumharey video pahli bar dekhey to bilkul normal laga,lakin ab jab phir sai dekhta hu ,to aisa lagta hai jaisey tumhay apney kanday par batha kar ghumaun,bhai tum bilkul saaf mann sai sab kuch apney hisab sai sahi sahi batatey ho,thanks a lot for this invaluable information aur i should sai invaluable free of cost help,bahut bahut sukariya,bhagwan tumhay bahut taraki day ,tumharey jaisi imandari kisi mai nahi mileygi,
🙏🏻 best complement Ajay Ji thanks 🙏🏻
Thanks sir
Good knowledge but increase the tax limit upto 7.5 L nil tax as per now situation tooooo much each and every thing costly. Think on it.????.
On small family like 2+2+2=6 person you can't run your family if earning 20K pm. Yearly 2.4L think of twice????????????
Sir, if I have purchased shares about 10 to 20 years bac k and I am not aware about the price. Now I want to sell them how can the profit be shown in Income tax return. Pl clarify
Share listed or unlisted??
ओडीयो ठीक नहीं आ रहा है। साफ अवाज होनी चाहिए सर।
विजय शमॉ अहमदाबाद गुजरात ।
Yes now video with Mike
In this video Mike by mistake off
Aadhar se digital ekyc pan card me signature nahi hone se koi problem hogi
No problem
@@expertcasachinthanks
O
Itr 3 k filling kaise bhare , ek video esake upar banaye
My son is residing at canada and he is giving me money cash for personal expenses when he comes to India. Please confirm whether this money show in ITR or not.
No need
Nri account is in one bank linked to other Indian account
Sir aap ne Kam salry valon k liye bhi banao
If The Agri Purchaser is Their business then what ?
@Expert CA Sachin (Financial Education)
Sir, if I sell share of A company and with that money purchase share of another company within a week then also will it come under scrutiny?
I am doing this since 5 years but never took money out of my demate account to bank account.
Kindly help me
I regularly watch your TH-cam channel. I watch many channels on income tax matters. I would like to ask you a question. You had stated that as per Income tax Act the maximum amount that can be kept in savings bank account is Rs.10 lakhs. If the amount that is credited in my savings bank account is Rs 1700000/- and the amount involved is not cash deposit but by way of cheque/dd or by electronic transfer then also is there possibility that I may receive notice from Income tax Department ? can you answer my query.
A ne DUBAI se NRI ACCOUNT se money bheje B k saving account me
B ne plot liya 20 lac ka without itr
Source kese show krega B
Jabki B India me berojgar h
A and b is brother
No issue brother ka loan dikayga
I had agriculture land which converted in to non agriculture for plot purpose in 2021 now in March one plot sold out asper government minimum rates how tax liability will count
Call on 9319333248
धन्यवाद सर जी ।बहोत ही सुंदर जानकारी प्रस्तुत कि गई है धन्यवाद सर जी ।🙏
Many times we hear that some people are cheated by phone calls and huge amounts are transferred to cheaters account. Does income tax department get the details of such transactions? If yes can people who are cheated write to I. T. Deptt. and get help to get money back?
Yes 100%
♥️♥️♥️🙏
Sir widow mother ne plot bech kar 40 lakh cash deposit kar diye. Ab kya kareyn
Contact near ca u need proper advice
Or contact on 9319333248
Sir, मैने अपनी वास्तविक कृषि वाली भूमि रुपया12लाख में बेंची है और कैश सेविंग बैंक में जमा कर दी है। सर्विस क्लास हूं, सैलरी 5lacs हैं।क्या टैक्स देना होगा?
Rural agriculture hai then no
Very nice information sir thanks for good information
Sir we are buying a property my mother is pensioner and I make a transaction in her account of more than 11 lakh and she also take a loan of 20 lakh for property purchase so in that case does she face any problem.
No issue if u have explanations of 11 lac and sources is genuine
Very good info for all Thanks Sachin sir
very knowledgeable video i am fully satisfied
🙏🏻
After watching your few vedios one thing is clear that income tax officers are gona make a fortune whenever they needed money 😂😂
@Shivan Shivan cat and mouse play 😂😂😂
नमस्ते सर मै पचीस लाख की जमीन बेचने वाला हू उसका आई टी आर कैसे भरे ।
अभी मेरा सालाना ढाई लाख रुपए है मै एक सीनियर सिटीजन हू
March main ya next month April main ??
Sir please clarify SFT 002 which is for Savings account which says - Cash deposits aggregating to Rs. 10 lakh or more
in a financial year, in one or more accounts (other
than a current account and time deposit) of a
person.
My question is regarding term "Cash deposit"
Question - This mean only cash deposit that is physical cash not NEFT/RTGS ? , if someone transfer 20Lakhs to my saving account via NEFT/RTGS will that be reported under this SFT ?
Perfect Information, Thanks Sir
🙏 Sir your explaination very good on TH-cam in futurewhenever I will open bussinesss first meet you
Thanks 🙏🏻
❤👍💐👌👋👋👋👋👋
Sir please share draft gift deed between children and parents. Shall be grateful
Thanks sir
Thanks a lot
Please reply sir one question property amount 65L and pesa 6-7 accounts me hai toh kya multiple DD de dakte hai vo sai rahega ? Aur registery me multiple DD show hoga toh koi income tax ka issue toh nhi kindly give suggestions on this.
sir please reply me.. main govt job me hu aur apni wife k account pe SIP kar rakha hai aur kuchh shares bhi usi k account se kharide hain, to koi problem to nahi?? main every month apne account se uske account me paise online transaction karta hu.. aapse contact kaise karu sir?
Amount ??
9319333248 par contact kar sakte hai
@@expertcasachin office k baad call karta hu sir.. 80000 k shares hain and 10000 per month ki SIP hai.. september me hi shares kharide aur SIP bhi shuru kiya
Maine makan kharida registry December 2023 ki hai abhi under-construction hai intrest kat Raha claim kar sakte hain kya is sal ke itr men
बहुत बढ़िया बहुत बढ़िया जानकारी
Thanks for Justice
Sachin bhaiya aapke phone number chaiye tha
9319333248
Sir, I made a credit of 11 lakhs and a debit of 11 lakhs through an UPI self transfer from one account to another in one financial year. Will I receive an income tax notice?
Sir agar property ki payment husband ne ki aor property ki registry wife ke naam h to wife ke 26AS me show hoga high value txn .. iska mtlb agar baad me notice aayega to wife ko aayega? Wife apni itr ke according response degi ya fir husband ke itr k according? ?
Yes wife ko hi auga but itr and bank statements apki jaugi as a proof of sources
For more u can call on 9319333248
After my fathers demise , I have inherited few Mutual fund investments which have been reported as SFT - 010 in my Form 26AS.
How do I factor this in my ITR filing ?
In other words , How do i show this ? These are all inherited Mutual funds ? How do I get this solved?
No issue, this will increase your capital in capital account and another in balance Sheet mutual Fund also add in your Current Assets or Investment
Agar TDS aa gya seller ko return mei mentioned kr diyA & registery next year hoyi toh kyaa Hogaaa seller ka ???
Many old FDs got Auto Renewed after maturity and again created but bank informed it as Rs. 10 lakh new FDs created to IT department.
But they are just old FDs who just got auto Renewed.
So when in future if IT department ask us about this then how to properly explain the same thing to them.
No
Investgation first verify it is new or Renew so don’t worry enjoy
@@expertcasachin
That person created new 1-2 FDs from money transferred from his daughter's account i.e. money in her account from her salary savings .
Then that transferred money is used to create FDs as part of future financial planning for daughter's marriage.
Otherwise remaining FDs are just Old FDs which are Auto Renewed.
So that person if somehow enquired by IT department then he has tell Same thing to IT department by himself or should get all this written by some professional?
You are very good and convincing
Very good information
सर मैंने FY 2022-23 मे एक प्रॉपर्टी 7लाख की परचेस की है ओर मुझे LIC से डेथ क्लैम (मै नॉमिनी था )1लाख मिला है क्या ये इनफार्मेशन मेरे AIS या 26AS मे रिफ्लेक्ट होगा. मुझे ये ट्रांसक्शन ITR4 मे कहाँ पर दिखाना होगा प्लीज बताये
No
No need
26SA SFT ME CREDIT CARD PAYMENT TRANSACTION REPORT HUA HAI SIR AAP KO CONTACT KIYA BUT KOI HELP NAHI MILA NA TO WHATSAPP PE NAHI CALL PE 7 DAY TRY KIYA BUT NOT RESPONC PLEASE HELP 🙏🙏🙏
Drop your no on expertcasachin@gmail.com
18 lac ki property purchase karne se income tax notice ayega?
If no cash
Then no
Nice,informetion
Sur can I know accordingly to property the amount of one registry is 30 lac or all registry amount total 30 to report income tax by registrar
सर मेने अपने सेविंग अकाउंट में एक ही दिन में पांच लाख रुपए नगद राशि जमा करे हे क्योंकि मैं एक किसान हु और मे एक कृषि भूमि खरीद रहा था और पार्टी को दो दिन बाद अकांट से चेक जो दिया था वो लगने वाला था क्या यह सही है
Cash kaha se aya ??
V helpful advise
It's like horror and thriller serial