Low turnover, high foreign remittances: 6 red flags that could put taxpayers under the taxman’s scanner

Large foreign remittances that appear disproportionate to a taxpayer’s turnover or business activity could attract closer Income Tax Department scrutiny. Tax expert CA Suresh Surana flags six key concerns, including mismatched business activity, weak documentation, common overseas beneficiaries and incorrect withholding tax.scrutiny from the Income Tax Department