Compliance Portal: Tax Liability on Cash Deposits

Cash Deposits: Disclose cash deposits of Rs. 50,000 or more, including PAN details as per Section 114B. Statement of Financial Transaction (SFT): Report specified cash transactions to ensure transparency.

Communication from ITD: Respond promptly to ITD communication regarding non-filing of ITRs or discrepancies. Online Response: Address verification issues through the compliance portal with accurate information.

Property Transaction Form: Detail the source of funds for property purchase in Section A. Investment Amount: Specify total investment, including purchase price and associated expenses.

Source Breakdown: Divide investment into sections like previous income, tax-exempt receipts, and funds from identifiable and unidentifiable persons. Unexplained Amount: Calculate and explain any difference between total investment and declared sources.