Avoid Exceeding This Limit in Mutual Funds, Bank FDs, and Cash Deposit, Otherwise, You May Get a Notice of Income Tax

In general, if an individual makes a big transaction in Banks, mutual funds, brokerage houses, and property registrar, he/she has to give its information to the income tax department.

source https://www.caclubindia.com/articles/avoid-exceeding-this-limit-mutual-funds-bank-fds-cash-deposit-otherwise-you-get-notice-income-tax-44832.asp

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