Cash deposit in bank
This query is : Resolved
03 July 2015
hi experts
greetings
my query is that there is a salary person and he also earn outsourses and that amount he deposited in to bank as cash now when i checked his bank statement then app.400000/- deposited as salary from his company and other 250000/- in full year he has also deposited in the bank so tell me how much income he should take for the tax calculation .
thanks
greetings
my query is that there is a salary person and he also earn outsourses and that amount he deposited in to bank as cash now when i checked his bank statement then app.400000/- deposited as salary from his company and other 250000/- in full year he has also deposited in the bank so tell me how much income he should take for the tax calculation .
thanks
Soumitra Basu
(Expert)
04 July 2015
SALARY IS IN ACCORDANCE WITH FORM NO. 16.
OTHER INCOME THE FULL AMOUNT DEPOSITED INTO BANK SHOULD BE TREATED AS GROSS TURNOVER.
OTHER INCOME THE FULL AMOUNT DEPOSITED INTO BANK SHOULD BE TREATED AS GROSS TURNOVER.
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