19 September 2013
Sir, One of my individual client has served notice u/s 142(1) of I.T. Act, 1961 to explain cash deposit for Rs. 18 lakhs in his SB A/c,Kindly suggest in best ways the explanation be present to him to convince reliable sources either gifts from relatives or cash in hand from previous years capital A/c or something else, please suggest.
CAclubindia
