That was meant for business transactions, receipts and expenses in a business are shown in ITR. But here you have a personal expense of house construction which needs to be dealt separately, kindly contact CA for thisMy Credit Card spends crossed 25 lakhs from SBI and kotak
During House construction last year i have rotated money by for 6 months from both cards as i required lot of money for construction purpose as Housing loan took lot of time to get processed and i also availed personal loan on credit card which even that was included on card spends ,This years in AIS report banks reported 26 lakhs received for credit card as payment
I receive some money from my brother who is NRI to clear loans , and i even have own business running with Annual turnover of 35 lakhs and ITR filied is for 7 lakhs
Will i receive notice on 25 lakhs credit card payment and as per above information what can i do if i receive notice