Following are the transactions for which income tax department collect information through Annual Information Return (AIR) under rule 114E
- Cash deposits aggregating to ten lakh rupees or more in a year in any savings account of a person maintained in that bank.
- Payments made by any person against bills raised in respect of a credit card issued to that person, aggregating to two lakh rupees or more in the year.
- Receipt from any person of an amount of two lakh rupees or more for acquiring units of Mutual Fund.
- Receipt from any person of an amount of five lakh rupees or more for acquiring bonds or debentures issued by the company or institution.
- Receipt from any person of an amount of one lakh rupees or more for acquiring shares issued by the company.
- Purchase or sale by any person of immovable property valued at thirty lakh rupees or more.
- Receipt from any person of an amount or amounts aggregating to five lakh rupees or more in a year for bonds issued by the Reserve Bank of India.