Immovable Property

The report of purchase & sale of all immovable property exceeding Rs 30 lakh will be reported to the Income Tax authorities.

Professionals

Individuals who are professions will be required to report cash payment, if it exceeds Rs 2 lakh for sale of any goods or services to the tax department.

Cash deposited

If any cash deposited exceeds Rs 10 lakh or more  in a financial year, in one or more accounts of a person, banks will report the same to the Income Tax department.

Deposits in current account

Cash deposits or withdrawals exceeding Rs 50 lakh or more in a particular financial year will be reported by the bank to the I-T authorities.

Bank drafts

Any cash payment of Rs 10 lakh made towards purchase of bank drafts or pre-paid instruments will be reported to the income tax department by the bank.

Financial Securities

When an individual makes investment in shares, bonds, mutual funds for an amount more than Rs 10 lakh in a financial year, the company will report about the transaction to the department.

Credit card payment

Any credit card payment of more than Rs 2 lakh in a financial year will be reported.

Gold ETFs

If an individual invests more than Rs 1 lakh, the same will be reported to the tax department.

Mutual Funds

If an investor buys mutual funds units worth more than Rs 2 lakh. The same should be reported while filing his tax returns.

Shares

If an investor makes an investment worth more than Rs 1 lakh, the transaction will be reported.