How can taxpayers Track their High-Value Transactions?

Monitoring high-value transactions is crucial for taxpayers to ensure compliance with tax regulations. Access the Income Tax e-Filing Portal using your credentials.

Navigate to "My Accounts" and select "View Form 26AS (Tax Credit)". Verify your identity and agree to the usage terms to proceed.

Download the annual information statement, protected by your birth date as the password. Review "Part E" of the statement to examine flagged high-value transactions.

This helps track transactions reported by banks and financial institutions under Section 285BA of the Income Tax Act. Stay informed to manage tax liabilities and prevent potential tax evasion issues.