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Air cash deposited in s b a/c. above rs. 10 lacs

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Querist : Anonymous

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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
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
06 March 2013 AIR will be filed by the bank in which he has deposited cash.
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