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Business

Used UPI or NEFT for a large payment? Here’s what the Income Tax Department may actually look at

LiveMint - Money ·
Used UPI or NEFT for a large payment? Here’s what the Income Tax Department may actually look at

UPI, NEFT, RTGS and IMPS payments do not automatically trigger an income tax notice, but unexplained transactions can attract scrutiny.

Here’s when digital payments may raise questions and what taxpayers should check in their AIS, Form 26AS and ITR.

Read the full article on LiveMint - Money ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.

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