Black money
This query is : Resolved
jaigurudev
(Querist)
29 October 2011
dear sir,i have deposited 13 lac Rs. in saving account in 2009-2010 and i have not shown this amount in my incometax return and know i have received scrunity notice .please advice me can i revise my return or i declare this amount as income from others source and pay tax.or i have to pay penalty?
jaigurudev
(Querist)
29 October 2011
please advise me
CA PARAS BAFNA
(Expert)
29 October 2011
In case you are filing personal Balance Sheet and showing the balance in the SB A/c as on 31.03.2010 in your Balance Sheet, a suitable explanation can be given by consulting your CA.
Gursimar Singh
(Expert)
31 October 2011
U cannot revise ur return now....as it will attract penalty of 300 % of the tax evaded...so its not advised at the stage...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
