RAJKUMAR TG (397 Points)
19 October 2018
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 19 October 2018
RAJKUMAR TG
(397 Points)
Replied 19 October 2018
Sir Iyerji
(Online marketing)
(61 Points)
Replied 20 October 2018
| Originally posted by : RAJKUMAR TG | ||
 |
learnt from a reliable source that high value transactions r nowadays not reflected in 26 as for assessee to view.moreover dept tracks transactions whether they r reported or not.is it true. can any senior advice us. |  |
yes- despite no AIR reports in FORM 26AS - people have received IT notice for FD's / High Credit card spending / high transactions turnover in SB account etc. but for TDS and income reported (except SB account interest )--Form 26AS is BIBLE... the problem is some instutions may report late / or it may reflect late in 26AS. I check my Form 26AS one last time 1 week before IT filing deadline & then file online accordingly,(even though I maintain spreadshet for income earned from institutions whether they report or no) These kind of notices come "after few years "usually.
RAJKUMAR TG
(397 Points)
Replied 20 October 2018
CAclubindia
