Cash transactions which may lead to Income Tax investigation 

1) Cash deposit in bank FD (fixed deposit) should not exceed Rs 10 lakh in a financial year.

2) If Cash deposits and withdrawal exceeds Rs. 10 lakhs in saving account in a financial year then it must be disclosed to tax authority.

3) If Cash deposits and withdrawal exceeds Rs. 50 lakhs in current account in a financial year  then it must be disclosed to tax authority.

4) Cash payment of 1 lakh or more to repay credit card bills should bo disclosed to tax authority.

5) During sale and purchase of any immovable property, cash transaction should be reported in form  26AS.

6) Cash transaction when investing in mutual funds, stocks, debentures and bonds should not surpass Rs. 10 lakhs.

Central Government Advisory on Passport Application