Any amount greater than 100000 must be declare in IT Sahaj Form1

Details of the person(Pan card, branch, bank, mode of transaction), establishment

number/registration number(in case of company/organization),Account number and bank details
(ministry/govt undertaking).

S.No. Nature of transactions Value of transaction

1 -Sale or purchase of a motor vehicle or All Such Transactions

vehicle, which requires registration by a
registering authority under chapter VI of
Motor Vehicles Act, 1988, OTHER THAN
TWO WHEELERS,

2 -Opening an account with a Bank(Other All Such Transactions

than savings bank account),

3 -Application for Debit and Credit Card All Such Transactions

4 -Opening a demat account All Such Transactions

5 -Payment to a hotel or restaurant against a Payment of more than Rs. 50,000 (if in
bill cash)

6 -Payment in connection with foreign travel Payment of more than Rs. 50,000 (if in
or payment for purchasing foreign currency cash)

7 -Payment to a company for purchasing Payment exceeding Rs. 50,000

debentures or bonds issued by it

8 -Payment to a Mutual Fund for purchase of Payment exceeding Rs. 50,000

its units

9 -Payment to RBI for acquiring bonds Payment exceeding Rs. 50,000

10 -Deposit with a Bank Deposit of more than Rs. 50,000 (if in

cash) per day

11 -Purchase of DD(Demand Drafts or Payment in cash for an amount more

banker’s cheques) from a Bank than Rs. 50,000 per day

12 -Time deposit with a Bank, Post Office, Amount of more than Rs. 50,000 per day
Nidhi companies, NBFCs or more than Rs. 5,00,000 during a
financial year

13 -Payment for prepaid instruments, issued Payment of more than Rs. 50,000 in a
by RBI to a banking company financial year

14 -Payment for Life insurance premium Payment exceeding Rs. 50,000 in a

financial year

15 -Sale or purchase of securities(other than Amount exceeding Rs. 1,00,000 per

shares) transaction
16 -Sale or purchase of unlisted shares Amount exceeding Rs. 1,00,000 per
transaction

17 -Sale or purchase of any Immovable Amount of more than Rs. 10,00,000 or if

property valued by stamp valuation authority,
amount of more than Rs. 10,00,000

18 -Sale or purchase of goods or services, Amount of more than Rs. 2,00,000 per
other than those specified above, if any transaction