Cash deposits in saving accounts
This query is : Resolved
20 November 2016
I HAVE FILED MY INCOME TAX RETURN TILL F.Y.2015-16 REGULARLY. MY QUESTION IS I HAVE DEPOSITS CASH IN MY SAVINGS ACCOUNTS MORE THAN 250000/- FROM APRIL 2016 TILL DATE. TILL DATE WHATEVER DEPOSITS CASH IN MY SAVINGS ACCOUNT, THE TAX ON THE SAID AMOUNT PAID IN ADVANCE. AFTER MARCH 2017 WHEN I HAVE FILE MY RETURN OF INCOME WHATEVER ACTUAL INCOME AFTER CONSIDERING CASH DEPOSITS I WISH TO PAY IT. WHAT ACTION WILL RAISE ON ME BY I T DEPARTMENT WHILE ASSESSMENT.
21 November 2016
If you have paid the taxes and proved the source of income you will not face problem from IT dept.
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