Meaning of the code mentioned on the income tax department notice

If you need help on filing returns when trading the markets, check this module on varsity

Income tax department has started sending notices to non-filers and mis-filing for the assessment year 2013-14 & onwards. Basically the code will tell you the reason why the notice is being sent. 

Annual Information Return(AIR)

AIR-001: Cash deposits aggregating to Rs. 10,00,000/- or more in a year in any savings account

AIR-002: Paid Rs. 2,00,000/- or more against credit card bills

AIR-003: Investment of Rs. 2,00,000 or more in Mutual Fund

AIR-004: Investment of Rs. 5,00,000/- or more in Bonds or Debenture

AIR-005: Investment of Rs. 1,00,000/- or more for acquiring shares

AIR-006: Purchase of Immovable Property valued at Rs. 30,00,000/- or more.

AIR-007: Investment in RBI Bond of Rs. 5,00,000/- or more

Central Information Branch (CIB)


CIB- 94: Sale of Motor Vehicle

CIB-151: Transfer of immovable property

CIB-154: Transfer of capital assets where value declared for the purpose of stamp duty is more than sale value

CIB-157: Purchase of Immovable property valued at Rs. 5 lakhs or more

CIB-183: Time deposit of Rs 1,00,000/-

CIB-185: Purchase of Bank Draft of more than Rs. 50,000/- in cash

CIB 321: Share Transactions more than Rs. 20,000/-

CIB-403: Investment in Fixed Deposit/Time Deposit exceeding Rs. 2,00,000/-

CIB-406: Payment made against Credit Card more than Rs 2,00,000/-

CIB-410: Cash deposit aggregating of Rs 200000 on a day

CIB-502: Contract of Rs. 10,00,000/-or more in the Commodities Exchange

CIB-514: Interest paid by co operative credit Society

CIB: Payment in connection with foreign travel amount exceeding Rs. 1,00,000/- at one time

CIB: Payment to Hotel and Restaurants exceeding Rs. 1,00,000/- at one time

TDS return

TDS-94A: TDS Return – Interest other than interest on security (section 194A)

TDS-92B: TDS Return – Salary to Employees (section 192)

Service Tax ReturnEXC-002: Turnover from services reported in Service Tax Return

Stock Broker

STT-01: Purchase of equity share in a recognised stock exchange

STT-02: Sale of equity Share (settled by actual delivery or transfer) in a recognised stock exchange

STT-03: Sale of equity Share (settled by otherwise than by the actual delivery or transfer) in a recognised stock exchange

STT-04: Sale of option in securities (derivative) in a recognised stock exchange

STT-05: Sale of Futures (derivative) in a recognised stock exchange

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