Cash transaction in svg bank ac over 10 lacs durring the yea
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 June 2013
Dear Experts,
I have made transaction about 16 lacs cash deposit & 15 lacs cash withdrawl durring the year. The case is selected for us143. There is no Cash Flow durring thg the year but officer made penalty of Rs.396400.00 for cash transaction in saving Bank Ac.
Now what can i do.
Please Answer me ...
I have made transaction about 16 lacs cash deposit & 15 lacs cash withdrawl durring the year. The case is selected for us143. There is no Cash Flow durring thg the year but officer made penalty of Rs.396400.00 for cash transaction in saving Bank Ac.
Now what can i do.
Please Answer me ...
Anil Sankar V
(Expert)
14 June 2013
if u have any land, you can simply arguing saying received depoist on land advance and refunded them laterfrom multilple customers
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
