cash balance in itr


11 June 2017 dear mam /sir I thankful for your previous quick reply I have one more query one of my Frnd received salary in cash and some transaction with bank and received other income 55000 in bank . I filled an itr 1 for AY2016-17 and not disclose his cash in hand balance . now if I deposit my cash in bank . is there a problem? cash balance disclosure is compulsory?

11 June 2017 Cas balance is not required in case of ITR-1. You can deposit cash in your bank a/c if you have proper clarification of source of incone & such income is disclosed in ITR.

11 June 2017 okk mam now I filling itr 2 for

11 June 2017 thanks mam

11 June 2017 Yes you can do so


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