https://www.taxtmi.com/news?id=23040 Taxpayers are not required to report high value transactions in their income tax returns; any expansion of reporting will be undertaken through third party reporting under the Statement of Financial Transactions. Specified persons such as banks and registrars will transmit transaction data, which will be consolidated in the revised Form 26AS to aid identification of non-filers and support voluntary compliance without obliging taxpayers to disclose such transactions in their returns. en-us Mon, 17 Aug 2020 18:10:40 +0530 Mon, 17 Aug 2020 18:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23040 Taxpayers are not required to report high value transactions in their income tax returns; any expansion of reporting will be undertaken through third party reporting under the Statement of Financial Transactions. Specified persons such as banks and registrars will transmit transaction data, which will be consolidated in the revised Form 26AS to aid identification of non-filers and support voluntary compliance without obliging taxpayers to disclose such transactions in their returns. News - Mon, 17 Aug 2020 18:10:40 +0530 https://www.taxtmi.com/news?id=23040