high-value transactions

New Income Tax Scrutiny Rules: AI & Data Analytics to Detect Mismatches in Income and Lifestyle

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The Income Tax Department has introduced a more stringent scrutiny framework for FY 2025-26, powered by AI and advanced data analytics. From high-value transactions to undisclosed incomes, the tax authorities are leaving no stone unturned in identifying suspicious cases. Experts warn …

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Failure to Disclose High-Value Transactions in ITR May Result in Notices from the I-T Department

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high-value transactions

High-value transactions, including bank deposits, mutual fund investments, property dealings, and share trading, are scrutinized by the IT Department Taxpayers should be aware that high-value transactions exceeding specific limits are closely monitored by the Income Tax Department. Failing to disclose …

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