Deposit in jan dhan account

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Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2016 HELLO, X DEPOSITED 150000 IN JAN DHAN ACCOUNT.HE IS FILED HIS ITR FOR A.Y 2016-17 250000 . INCOME TAX DEPTT ASKED THE SOURCE OF DEPOSIT. CAN IT BE SAID THE DEPOSIT IS OUT OF CASH IN HAND OR PL SUGGEST SUITABLE REPLY. THANKS AND HAPPY NEW YEAR IN ADVANCE

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 December 2016 When the ITR for AY 2016-17 filed and what is the source of income for 2.50 lacs.

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Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2016 X IS PROFESSIONAL . HE EARNED HIS INCOME BY PROFESSION AND FILED HIS ITR, MORE CASH IN HAND IS SHOWING IN HIS BALANCE SHEET

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 December 2016 Jan Dhan account is not for professionals, but for financially backward classes of India. You have not replied to the query of when the return is filed.

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2017 RETURN WAS FILED IN DECEMBER

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2017 RETURN WAS FILED IN DECEMBER 2016

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 January 2017 The return is filed after demonitisation, disclosing cash in the balance sheet to cover up the deposits IT dept may not accept your explanation.

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