Addition in income
This query is : Resolved
ashwinbhai
(Querist)
27 December 2018
i was working in kifs sec as a salaried person. and file my return of income in time paid tax accordingly
.we have been ordered by management to created brokerage . i have cultivated client. they have made loss. i was responsible to collect the dues from that client. they have not cheque money. they have paid me cash . i have deposited cash in my account and given cheq to main broker . my clent were register in the broker house as per sebi guide line.
in response of notice 133 that client told that they have not paid money to me. IN fact i am not mad that i pay the loss of other
Broker has given coinformantion that they have receivedc the cheq from men and credited in that various client
Deparment has added the same in my income being unexplained cash
i was un register sub broker so my demote acct was use to take delivery from broker and give delivery from broker for my client . Dept says that it is yours transaction what to do
i will be highly oblige for reply in need of hour
. i
.we have been ordered by management to created brokerage . i have cultivated client. they have made loss. i was responsible to collect the dues from that client. they have not cheque money. they have paid me cash . i have deposited cash in my account and given cheq to main broker . my clent were register in the broker house as per sebi guide line.
in response of notice 133 that client told that they have not paid money to me. IN fact i am not mad that i pay the loss of other
Broker has given coinformantion that they have receivedc the cheq from men and credited in that various client
Deparment has added the same in my income being unexplained cash
i was un register sub broker so my demote acct was use to take delivery from broker and give delivery from broker for my client . Dept says that it is yours transaction what to do
i will be highly oblige for reply in need of hour
. i
CA R SEETHARAMAN
(Expert)
27 December 2018
Contact CA with good practice near by he will explain to the AO with suitable reply
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