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DEPOSITING RS.135000/- OF 1000 DENOMINATION NOTES IN DEMONITISATION PERIOD

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Guest

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Guest (Querist)
12 June 2017 CAN I KNOW THAT RS.135000/- OF 1000 DENOMINATION NOTES DEPOSITED IN BANK IN BAN PERIOD IN OTHER ACCOUNT IS LIABLE FOR TAXATION IN MY ACCOUNT OR THE PERSON WHO DEPOSITED IN HIS ACCOUNT IS LIABLE FOR TAXATION ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 June 2017 No Need to worry as the deposit is less than 2 lacs. The person in who's account is deposited has to pay tax if applicable.

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