Property, large deposits: Transactions that could get you under I-T lens

Here are some transactions that will come under Income Tax department's scrutiny

 Post-demonetisation, Income Tax department has heightened scrutiny to plug any tax evasion and ensure that individuals and companies have not turned black money into white using the banking and financial system.

Since November 8, 2016, Narendra Modi government has been cracking the whip on black money hoarders. 

Here are some transactions that will come under The Central Board of Direct Taxes (CBDT)'s scrutiny

1. Deposits over Rs 10 lakh a year 

According to a report published in Business Standard, the CBDT, in a January 17 notification made it mandatory for a banking company or a cooperative bank