Thor
KF Ace
I have multiple bank accounts and multiple UPI apps so in order to get cashbacks, I generally transfer the money from my one account to another account to comply with cashback offers. Sometimes, I make monthly transactions of even more than 50k but it is just transfer from my own account to my own another account.
Is there any possibility that I can receive income tax notice if this transactions go beyond 10 lakh or 20 lakh on annual basis?
Is there any possibility that I can receive income tax notice if this transactions go beyond 10 lakh or 20 lakh on annual basis?
