Deposit above 10 lakhs in saving bank account in fy

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MALAY DAS (Querist)
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14 April 2018 RESPECTED SIR
DEPOSIT IN SEV BANK ACCOUNT ABOVE 10 LAKH AND GOT NOTICE FROM IT DEPT ASK TO FILE RETURN, SO HOW SHOW SAV AMOUNT SHOW TOTAL AMOUNT AS INCOME OR SALES TO COMPUTE TAX LIABILITY? PLEASE SIR ADVICE HOW TO FILE ......

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 April 2018 you first need to know what is the actual source of this cash. If is revenue receipt, then yes it needs to be included in your income and offered to tax.

MALAY DAS

MALAY DAS (Querist)
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14 April 2018 RESPECTED SIR
THANKS FOR REPLIES TRANSACTION IN HIS BOOKS BUT MONEY BELONGS TO OTHERS FOR BUSINESS TRANSACTION. NOW IS HE NEED TO SHOW TOTAL TRANSACTION AS SALES OR INCOME HOW TO SOLVE PLEASE ADVICE THANKS.........

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Deposit above 10 lakhs in saving bank account in fy

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