AIS High Value Transactions List: What Triggers a Flag for AY 2026-27
TL;DR
- AIS captures high-value transactions reported under Section 285BA read with Rule 114E, covering 13 categories of large financial movements.
- Cash deposits above Rs. 10 lakh in savings accounts, property sales above Rs. 30 lakh, and credit card payments above Rs. 1 lakh in cash all trigger AIS entries.
- High-value transactions in AIS do not automatically mean a tax demand, but unreported ones often lead to compliance portal alerts and Section 148 reassessment notices.
- Reporting entities, called Specified Financial Institutions, file Form 61A every year by 31 May for the prior financial year.
- If a high-value entry is correct, just make sure your ITR reflects the underlying income. If it is wrong, use AIS feedback.
What this means in plain terms
The Indian tax system used to rely heavily on self-disclosure. If you sold a property or made a large cash deposit and did not declare it, the chances of being caught were low. That changed when the department introduced the Annual Information Return in 2003, which morphed into the Statement of Financial Transactions in 2016, which now feeds AIS. Banks, mutual funds, registrars, sub-registrars, and credit card issuers are all required to report transactions above certain thresholds against your PAN.
So if you bought a property of Rs. 60 lakh in FY 2025-26, the sub-registrar reports it. If you paid Rs. 12 lakh on your credit card during the year, the credit card issuer reports it. If you made a fixed deposit of Rs. 11 lakh, the bank reports it. Each of these shows up in your AIS. The question is not whether they appear, but whether your ITR explains the income behind them. This blog lists every category, the threshold, and what it usually means for your filing.
High value transaction categories under Rule 114E
Cash deposits and withdrawals
Cash deposits aggregating to Rs. 10 lakh or more in a savings bank account during the year are reportable. The same threshold applies to cash withdrawals from a current account. From FY 2022-23, this also covers cash withdrawals from FDs.
Fixed deposits
Term deposits aggregating to Rs. 10 lakh or more during the year, other than renewals, are reportable. So a single FD of Rs. 11 lakh shows in AIS, as do five FDs of Rs. 3 lakh each made through the year.
Credit card payments
Cash payment of Rs. 1 lakh or more or any other mode of payment of Rs. 10 lakh or more towards credit card bills during the year is reportable. Each card issuer files Form 61A for cards under its network.
Sale of immovable property
Any sale of land or building for Rs. 30 lakh or more is reportable by the registrar or sub-registrar. The threshold is calculated on stamp duty value, not consideration.
Sale or purchase of shares
Companies are required to report buyback transactions, and registrars to report bonus issues. Brokers report client-wise turnover in some cases.
Sale or purchase of mutual fund units
Mutual fund houses, through their registrar and transfer agents like KFintech and CAMS, report unit sales and purchases aggregating to Rs. 10 lakh or more per AMC per year.
Foreign remittances
Authorised dealers report all outward remittances under the Liberalised Remittance Scheme, regardless of amount, under SFT-013. Inward foreign remittances are also captured.
Cash payments for goods
Sale or purchase of goods exceeding Rs. 2 lakh in cash is reportable by the seller under Section 285BA.
Other reportable entries
Dividend income
Companies declaring dividend, through the registrar, report each dividend payment against PAN.
Interest income
Banks and post offices report interest credited on savings accounts, recurring deposits, and term deposits.
Salary
Employers report salary paid in Form 24Q quarterly, which feeds both Form 26AS and AIS.
GST turnover
For businesses, the GSTN provides GSTR-3B turnover to the income tax department, which appears in AIS as a comparison point against ITR turnover.
Business receipts
Specific businesses falling under SFT-016 report receipts above certain thresholds.
What to do if AIS shows a high value entry
Match it to actual income
If AIS shows a sale of property of Rs. 60 lakh and you actually sold the property, ensure your ITR shows the capital gain on Schedule CG. Use the cost of acquisition with indexation and claim Section 54, 54EC, or 54F exemptions if applicable.
Match against legitimate source
If AIS shows a Rs. 12 lakh fixed deposit, the source could be sale of an old FD, a maturity proceeds, a gift, or salary savings. Be ready to explain if asked. Bank statements are usually enough.
Submit feedback if wrong
If the entry is wrong, use the AIS feedback feature to flag it. Pick "information is denied" if the transaction never happened, "information is duplicate" if it appears twice, or "information is not fully correct" if the amount is wrong.
A real example
Anjali, 45, Rs. 60L CTC, Delhi, opens AIS in July 2026.
- AIS shows a sale of property of Rs. 95 lakh dated 28 February 2026. She did sell her old flat in Vasant Kunj. The cost was Rs. 42 lakh in 2014, indexed cost is Rs. 64 lakh, LTCG is Rs. 31 lakh.
- She invested Rs. 35 lakh in a new flat in Greater Noida within six months, claiming Section 54 exemption. Net taxable capital gain reduces to zero.
- AIS also shows cash deposits of Rs. 14 lakh in her savings account. She matches them to FD maturities and salary credits. No issue.
- AIS shows a credit card payment of Rs. 8 lakh in cash. She does not pay her credit card in cash. She flags it as "information is denied" and discovers the bank had wrongly tagged a corporate card. The bank issues a correction.
- AIS shows foreign remittance of Rs. 7.5 lakh under LRS. She had funded her son's US university tuition. She matches it to her bank's outward remittance certificate.
- She files ITR-2 in August 2026 with Schedule CG showing the property sale, Section 54 exemption claim, and Schedule FA showing the LRS-funded foreign asset. CPC processes the return in five weeks with no notice.
What to do this week
- Open AIS on incometax.gov.in and review the Securities, Sale of Land or Building, Foreign Remittance, and High Value Transactions sections.
- For each entry, ensure the source income or asset is reflected in your ITR.
- For wrong entries, use AIS feedback with the appropriate response type.
- If you have made any sale of property, gather the sale deed, cost of acquisition records, and exemption-related investment proofs.
- Run the 6-step assessment at https://myfinancial.in to see your old-vs-new regime delta, unused deductions, and insurance gap in under 10 minutes.
FAQ
Does a high-value entry in AIS mean tax is owed?
Not necessarily. AIS captures gross transaction values. Whether tax is owed depends on whether the underlying income is taxable, after considering cost of acquisition, exemptions, and deductions.
What is Form 61A?
Form 61A is the Statement of Financial Transactions filed by Specified Financial Institutions under Rule 114E. It is the source of most AIS high-value entries.
How often is AIS updated for high-value entries?
Form 61A is filed annually by 31 May for the prior FY. So FY 2025-26 high-value entries become visible in AIS by mid-June 2026.
What if a high-value entry in AIS is missing?
You still report the actual income in your ITR. Missing in AIS does not mean exempt from tax. The legal obligation to declare income is independent of AIS coverage.
Are gifts from relatives covered?
Cash and asset transfers between specified relatives are not reportable under SFT, but if a non-relative gives you a gift above Rs. 50,000 in a year, the bank deposit may show in AIS and the gift is taxable under Section 56(2)(x).
What happens if I have a Rs. 20 lakh FD but no other income?
The Rs. 20 lakh principal is not taxable, only the interest is. But you must file ITR, since the FD amount is a high-value entry and the department will expect a return.
Does selling shares above Rs. 10 lakh trigger AIS?
Yes. Off-market trades and large on-market sales are reported by depositories and brokers. Your ITR Schedule CG must reflect the capital gain.
Sources
- Rule 114E and Section 285BA on Statement of Financial Transactions: https://incometaxindia.gov.in/
- CBDT notification on AIS categories: https://incometaxindia.gov.in/
- Annual Information Statement user guide: https://www.incometax.gov.in/iec/foportal/help/annual-information-statement
- E-filing portal: https://www.incometax.gov.in/iec/foportal/
- Form 61A filing utility: https://incometaxindia.gov.in/
This is general information, not personalised advice. For your situation, consult a Certified Financial Planner.