Capital
This query is : Open
08 May 2017
if client sold house in Feb 16 n deposits money in savings account till current date. now what is the consequences? tax planning
08 May 2017
you have show it in your return but u can go for tax planning to reduce tax. Tax decided on your purchase year & amt.
You cant receive any sum higher than 200000/- in cash for a single transaction or from single person in a day, it results in penalty equal to such sum.
You can deposit through a/c payee cheque or demand draft or any banking channel through bank account.
Bettrr option is that u consult wid some nearby CA to handle this as each & every aspect can't be discussed here.
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Query regarding reporting of exempt foreign remuneration in ITR
- DUE DATE FOR ITR FILING
- U/S 194 T
- 44AD, 44ADA business details
- Old Traces Portal
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
