13/06/2026
One Wrong Transaction Could Put You on the Tax Department's Radar.
Certain high-value transactions are reported under SFT (Statement of Financial Transactions). While these transactions are perfectly legal, failing to disclose them correctly or explain the source of funds may attract scrutiny.
Here are 10 transactions you should be mindful of:
• Cash deposits in Savings Accounts of ₹10 lakh or more
• Cash deposits in Current Accounts of ₹50 lakh or more
• Credit card bill payments in cash of ₹1 lakh or more
• Online credit card bill payments exceeding ₹10 lakh in a financial year
• Purchase or sale of immovable property worth ₹30 lakh or more
• Fixed Deposit investments of ₹10 lakh or more in a financial year
• Foreign travel or forex purchases of ₹10 lakh or more
• Investments in shares, bonds, and mutual funds of ₹10 lakh or more
• Cash receipts of ₹2 lakh or more in a single day
• Cash gifts exceeding ₹50,000 without proper documentation
Crossing these thresholds does not automatically result in a tax notice. However, these transactions are reported to the Income Tax Department, and taxpayers may be required to explain the source of funds or ensure proper disclosure in their ITR.
A small reporting gap can lead to notices, additional verification, or unnecessary stress.
Maintain proper records. Report income accurately. Match your transactions with your ITR.
Stay compliant and file with confidence using FylFlix by WFYI Technology®.
Visit: https://fylflix.wfyi.ai