4.5 lakh in saving account
Querist : Anonymous
Since my income is below the exemption limit hence i have never filed income tax return but now i have deposited the old currency of 4.5 Lakh. However if Income tax raise the notice asking the sourse of money. I will let them know that it was the saved money for the period of over 5 year. Pls let me know is there any possibility of consequences......
Regards
Sumit
Querist : Anonymous
i have been earning and saving the money from the period of over 10 year however my saving money is around 70000 to 80000 per year
Then why they will not accept this explanation......
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