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It query for high value transactions

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29 March 2021 Sir
It Assess itr (it ) return filed in time in f y.19-20. recently mobile sms received from it department of high value transactions in f.y.19-20.
1.sb interest from three banks Rs:35,000/-
2.interest from debtor Rs:1,00,000/-
Total rs:1,35,000/- in f.y.19-20.
If Assess interest income rs:1,35,000/- already show in itr under other sources of income head.
Question:
Assess notice reply compulsory or not

29 March 2021 You have to check details of high value transactions and revise the return if required.

29 March 2021 If the income is already declared in the ITR, better state the same in the reply.




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