If you want to avoid income tax notice, then do not do these things even by mistake. Many times we make such mistakes unknowingly due to which we have to suffer huge losses later. But if you know this thing, then you can easily avoid the eyes of the Income Tax Department.

Notice of Income Tax Department
Today we are going to tell you through this news that do not make these 7 transactions with a credit card even by mistake. If you do some of these transactions, you can get a notice from the Income Tax Department directly. If you are a credit card user, then this information is very important for you. Let us know which are these transactions that can put you in trouble.

Eye of Income Tax Department
If you spend more than Rs 2 lakh annually on credit cards, then the Income Tax Department keeps an eye on you. Because big transactions can attract the attention of the department. If you have spent more than 2 lakhs on your foreign trip in a year, then the income tax department can keep an eye on you.

Rights with the income tax department
If a person has paid a credit card bill in cash payment of 1 lakh rupees or more, then the income tax department has the right to investigate the transaction. If any irregularity is found in the transaction or it is related to the smuggling of black money, then the income tax can send you a notice. Apart from this, a fine or penalty can also be imposed.

If you have bought a property and its price is 30 lakhs or more, then the income tax department automatically gets to know about it. Income tax can also keep an eye on you if you deposit a large amount of cash in your bank account.

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