Information On Your Major Investment/Expenses Is Available With The Income Tax Department
By Yash, Section News
Posted on Thu Feb 21, 2008 at 04:18:59 AM EST
Information on your major investment/expenses is available with the Income Tax Department.
- Purchase or sale of immovable property valued at Rs. 30 Lakh or more.
- Creadit Card expenditure exceeding Rs. 2 Lakh per annum.
- Mutual Fund Investment in excess of Rs. 2 Lakh.
- Purchase of Bonds or Debentures of a company or an institution for Rs. 5 Lakh or more in a year.
- Cash deposit of Rs. 10 Lakh or more per annum in your Savings Bank Account.
- Payment of Rs. 1 Lakh or more for acquiring shares of a Company through its IPO or Rights isssue.
- Purchase of bonds issued by Reserve Bank of India amounting in aggregate to Rs. 5 Lakh or more in a year.
Source: Times Of India Feb-21-08
