Finology
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17-18 assessment year return not file but deposit cash 11 lakhs and total cash depodit 26 lakhs in t

This query is : Resolved 

22 January 2022 can we can appeal on that ground that we did not have taxable income that so we did not file return ..or we should go for other option

22 January 2022 Yes, you can appeal on the ground no taxable income. But you have to disclose sources of income for cash deposit.

22 January 2022 total cash deposit was 26 lakhs so I can calculate 8 % and computation provide in appeal it is fine

22 January 2022 What is the source of cash deposit.

26 January 2022 business is source

26 January 2022 What is your bank balance.
If reasonable withdrawal and deposits are there with proof for business you can declare.



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