cash balance in itr
This query is : Open
Vijay Dakhvani
(Querist)
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?
CA Rashmi Gandhi
(Expert)
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.
Vijay Dakhvani
(Querist)
11 June 2017
okk mam now I filling itr 2 for
Vijay Dakhvani
(Querist)
11 June 2017
thanks mam
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CA Rashmi Gandhi
(Expert)
11 June 2017
Yes you can do so
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