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