What triggers an Income Tax notice in India?

Major triggers include mismatch between ITR and Form 26AS/AIS, high-value transactions (SFTs) not matching declared income, large YoY fluctuations in profits, claiming unsubstantiated deductions, and trading F&O without declaring turnover.

What is SFT (Statement of Financial Transactions) reporting?

Banks, credit card companies, mutual funds, and registrars are legally required to report high-value transactions (e.g., cash deposits ≥₹10L, credit card payments ≥₹2L, property deals ≥₹30L) to the IT department under Section 285BA.

How does CASS pick returns for scrutiny?

CASS (Computer Aided Scrutiny Selection) is the automated system that flags ITRs for audit based on risk parameters like income jumps, SFT mismatches, and high cash transactions.

IT Notice Risk CheckerFY 2026-27

Score your ITR profile against 10 CBDT red flags — cash deposits, crypto, F&O, 26AS mismatches, and more.

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Quick Summary: IT Notice Risk Checker

The IT Notice Risk Checker evaluates your tax profile against the most common parameters used by the CBDT's Computer Aided Scrutiny Selection (CASS) system. Major red flags include declaring income inconsistent with high-value spending (SFT), mismatches with AIS, and non-disclosure of foreign assets (LRS) or crypto gains.

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Regulatory Disclaimer · FY 2026-27

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.