Compliance for air 001

This query is : Resolved

Jayaram (Querist)
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31 January 2016 our assessee has deposited a cash sum of RS. 784000/ and 530000/- in the accounting year 2013 and 2014. while filing the income tax return I came to notice the compliance form to be submitted online for that year . I enquired with the assessee about the above two transactions, he told me it's other person money. the problem IS amount is given for other party through RTGS FOR REGISTRATION PURPOSES. PLEASE HELP ME HOW TO HANDLE THIS ISSUE

Ganeshbabu K

Ganeshbabu K (Expert)
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01 February 2016 AIR is required to be submitted by banks in your case and not you.If bank reported any such entries you may find the same in 26AS if no such entry no need to fear about anything

Jayaram

Jayaram (Querist)
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02 February 2016 Sir its showing in the pending actions in the website. The compliance form we have to answer to the department. Simply saying the whole 13laks is not his it's others. How to reply the compliance form.

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