Air cash deposited in s b a/c. above rs. 10 lacs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2013
Respective Friends, One of our friend had deposited cash above Rs. 10 Lacs in his S B A/c. from the sales proceeds of his father's factory land in FY 2010-11 & even he had not reported the same in ITR also. Pl also note that he is a salaried person. Friends, Pl help him for fair opinion so I can mail him the fact. what will be consequences in this case urgent feedback awaited
CA Suraj Lakhotia
(Expert)
06 March 2013
AIR will be filed by the bank in which he has deposited cash.
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