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

This query is : Resolved 
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If you haven't filed a tax return due to having no taxable income, but have made substantial cash deposits (e.g., 26 lakhs), you can appeal this decision. The key is to clearly disclose the sources of this cash, such as business income. You'll need to provide evidence and potentially calculate an assumed income (like 8% of deposits) for your appeal.

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(Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 January 2022 Yes, you can appeal on the ground no taxable income. But you have to disclose sources of income for cash deposit.
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mamta

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mamta (Querist)
22 January 2022 total cash deposit was 26 lakhs so I can calculate 8 % and computation provide in appeal it is fine
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 January 2022 What is the source of cash deposit.
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mamta

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mamta (Querist)
26 January 2022 business is source
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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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