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September 30, 2011

ITD trying to Nab high value transactions

AIR list, which currently comprises eight items. 


  • Cash deposits of Rs 10 lakh and above
  • Credit card bills of Rs 2 lakh and above
  • Mutual fund investment of Rs 2 lakh and above
  • Purchase of bonds/ debentures worth Rs 5 lakh and above
  • Purchase of stocks worth Rs 1 lakh and above
  • Purchase of immovable property worth Rs 30 lakh and more
  • Sale of immovable property worth Rs 30 lakh and above
  • Purchase of RBI bonds worth Rs 5 lakh and above
 Likely to be added to the list

Secondary market transactions of Rs 10 lakh or more in a year,
Insurance premium of above Rs 1 lakh, 
Debit card payments above Rs 2 lakh,
Fixed deposits and recurring deposits of over Rs 10 lakh each, 
and Cash deposits of Rs 20 lakh in current account.

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