CASH DEPOSIT
This query is : Resolved
Shaikh Adam Jamil
(Querist)
11 November 2016
Hello sir please give me advice.
I have 12 lakh rupees cash I am small business of wooden job like making doors windows of wood.
I was not filled it returns yet past 5 year's of started my business and my annual income 1.5 lakh to 2.5 lakh rupees per year plz show me the way to cash deposit and savings penalty of tax.
Shaikh Adam Jamil
(Querist)
11 November 2016
Please give advice
Amol S Joglekar
(Expert)
11 November 2016
if you have the details, you can deposit the same into your bank account. What is the problem?
Shaikh Adam Jamil
(Querist)
11 November 2016
But sir I have no records available but I have old notebook record
Amol S Joglekar
(Expert)
12 November 2016
Then you can go ahead. The note books should be capable enough to substantiate your claim of cash being kept at home......to the tune of 12 lakh.
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