Cash deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2018
Sir,
I am a govt. employee. I deposited Rs.100000/ (ten lakhs) in my bank a/c during demonetization period. what should I do to save tax if income tax return is to file?
your
benjamin
I am a govt. employee. I deposited Rs.100000/ (ten lakhs) in my bank a/c during demonetization period. what should I do to save tax if income tax return is to file?
your
benjamin
Nikhil Kaushik
(Expert)
20 March 2018
unless and until you have the reasonable evidence for the source of this cash, forget tax saving, be ready for payment hefty tax and interest plus penalties.
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