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IT Notices

The document lists 31 codes related to financial transactions and tax reporting that would trigger additional information reporting (AIR) or centralized information branch (CIB) reporting in India. Some examples include cash deposits over Rs. 10 lakhs, credit card payments over Rs. 2 lakhs, purchase of property valued over Rs. 30 lakhs, mutual fund investments over Rs. 2 lakhs, share transactions over Rs. 20,000, and tax payments/deductions over certain thresholds.

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59 views2 pages

IT Notices

The document lists 31 codes related to financial transactions and tax reporting that would trigger additional information reporting (AIR) or centralized information branch (CIB) reporting in India. Some examples include cash deposits over Rs. 10 lakhs, credit card payments over Rs. 2 lakhs, purchase of property valued over Rs. 30 lakhs, mutual fund investments over Rs. 2 lakhs, share transactions over Rs. 20,000, and tax payments/deductions over certain thresholds.

Uploaded by

Gulshan Bist
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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No.

Code Information Description


AIR- Cash deposits aggregating to Rs. 10,00,000 or more in a
1 001 year in any savings account
AIR-
2 002 Paid Rs. 2,00,000 or more against credit card bills
AIR-
3 003 Investment of Rs. 2,00,000 or more in Mutual Fund
AIR- Investment of Rs. 5,00,000 or more in Bonds or
4 004 Debenture
AIR-
5 005 Investment of Rs. 1,00,000 or more for acquiring shares
AIR- Purchase of Immovable Property valued at Rs. 30,00,000
6 006 or more.
AIR-
7 007 Investment in RBI Bond of Rs. 5,00,000 or more
CIB-
8 094 Sale of Motor Vehicle

9 CIB-151 Transfer of immovable property


Transfer of capital assets where value declared for the
10 CIB-154 purpose of stamp duty is more than sale value.
Purchase of Immovable property valued at Rs. 5 lakhs or
11 CIB-157 more
CIB-
12 183 Time deposit of Rs 1,00,000
CIB-
13 185 Purchase of Bank Draft of more than Rs. 50,000 in cash
CIB-
14 321 Share Transactions more than Rs. 20,000
CIB- Investment in Fixed Deposit/Time Deposit
15 403 exceeding Rs. 2,00,000
CIB- Payment made against Credit Card more than Rs
16 406 2,00,000
CIB-
17 410 Cash deposit aggregating of Rs. 2,00,000 on a day
CIB- Contract of Rs. 10,00,000 or more in the Commodities
18 502 Exchange
CIB-
19 514 Interest paid by co operative credit Society
Payment in connection with foreign travel amount
20 CIB exceeding Rs. 1,00,000 at one time
Payment to Hotel and Restaurants exceeding Rs.
21 CIB 1,00,000 at one time
EXC-
22 002 Turnover from services reported in Service Tax Return
FRM- Remittance to a non-resident or to a foreigh company
23 15CA (Form 15CA)

24 STT-01 Purchase of equity share in a recognized stock exchange


Sale of equity Share (settled by actual delivery or
25 STT-02 transfer) in a recognized stock exchange
Sale of equity Share (settled by otherwise than by the
actual delivery or transfer) in a recognized stock
26 STT-03 exchange.
Sale of option in securities (derivative) in a recognized
27 STT-04 stock exchange
Sale of Futures (derivative) in a recognized stock
28 STT-05 exchange.
TDS-
29 92B TDS Return – Salary to Employees (section 192)
TDS- TDS Return – Interest other than interest on security
30 94A (section 194A)

31 Any Tax paid / TDS deducted

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