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E-banking

This query is : Resolved 
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(Querist)
10 May 2012 If any C.A. make any payment like tax payment through his e-banking a/c for a client and take cash from client and deposit it in his Bank a/c.
Is there any problem in doing this or not?
What explanation will we give to department if it ask about the cash deposits in the Bank a/c.
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chaitanya cherukuri

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chaitanya cherukuri (Expert)
10 May 2012 You just need to give explanation to satisfy that it is not a fake transaction. the following things can be considered

1. Tax computation Sheet
2. Due Date of payment
3. Tax withdrawal from Bank
4. Not having Online account in the name of the bank
5. Mandatoriness of paying taxes online
6. Making Payments Next to the date depositing tax

above information will for sure satisfy income tax department.
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