Cash deposit post demonetisation in my savings account

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Sudeep Singh (Querist)
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02 December 2016 I have deposited Rs. 1 lakh in my savings account in old currency after demonetisation. I had started working JUD Cements Ltd in October 2009 to April 2013 and again I joined JUD Cements Ltd in July 2015 and worked there till May 2016 I was getting salary in cash only on few occasions they made a bank transfer of salary. JUD Cements Ltd has not issued my Form 16 for the F.Y 2012-13 and F.Y 2015-16 so far because of this I had not filed my ITR for these two years. During May-13 to Jun-15 I was giving tuitions and getting my fees in cash only and also I did practice for some duration in that also I got my fees in cash only I have filed ITR from F.Y. 2009-10 onwards except for the F.Y 2012-13 and F.Y 2015-16. My question is this whether IT department will issue me notice regarding source of the cash deposited. I have sent an email to the company's concerned person regarding issuing my form 16 for the F.Y 2012-13 and F.Y 2015-16 but I have not received any satisfactory reply from my last employer. Urgent response to my query will be highly appreciated. Regards

Unnikrishnan B

Unnikrishnan B (Expert)
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02 December 2016 Deposit up to 2.5 lakhs in not considered except benami transactions.you have the source of income.you do not have to worry. Keep the appointment letter and salary slip with you.abdcalso the communications with the employer you can keep with you. The fee receipt counter copy also you can keep

Sudeep Singh

Sudeep Singh (Querist)
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02 December 2016 Sir I am not issuing fee receipts to my students and I never did.Shall I start issuing fees receipt to my students.

Unnikrishnan B

Unnikrishnan B (Expert)
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03 December 2016 Yes you can .at least you know your income

Sudeep Singh

Sudeep Singh (Querist)
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03 December 2016 Thanks sir

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