1) I am having a cash balance of Rs.10lacs with me now can i go for IDS 2016 2) I have given a cash loan of Rs.3lacs to a farmer can i go on IDS 2016 3) I sold a property for Rs 5 lacs in the year 2012 can i go on IDS 2016
praveen kumar (student) (51 Points)
23 September 20161) I am having a cash balance of Rs.10lacs with me now can i go for IDS 2016 2) I have given a cash loan of Rs.3lacs to a farmer can i go on IDS 2016 3) I sold a property for Rs 5 lacs in the year 2012 can i go on IDS 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 23 September 2016
Yes, you can declare all your undeclared capital in aggregate as valuation of 1st June, 2016
praveen kumar
(student)
(51 Points)
Replied 23 September 2016
Currently I am having Unaccounted Balance of Aggregating Rs.5lacs in Cash Can i go for purchasing of property with that money
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 23 September 2016
You will be at liberty to use it the way you like (which you are lacking now) So, go ahead.
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