Cash deposited more than 10 lakhs in saving bank
This query is : Resolved
20 February 2014
Dear All,
Can someone let me know what replies can be made to assessing officer if someone has deposited cash Rs. 10 Lacs in his saving bank account.
Do not post your answer in public. Mail me at smartamit_anu@yahoo.co.in
Thanks in advance!!!!
Can someone let me know what replies can be made to assessing officer if someone has deposited cash Rs. 10 Lacs in his saving bank account.
Do not post your answer in public. Mail me at smartamit_anu@yahoo.co.in
Thanks in advance!!!!
24 February 2014
well you need to provide the source of the cash..thats what AO is looking at. If you unable to provide the said details, the AO has right to make additions to your income.
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