banner_ad

Fixed deposits

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 March 2016 Dear Madam/Sir,

One of my client made fixed deposit in his wifes name, in the financial year 2013-14, my client is retired bank employee and his wife house wife. the problem is value of fixed deposit was 4,50000/- and in a single deposit by cash. now my client has received the notice from income tax department that wheather your declared income of interest in the above mentioned financial year or not. my query is wheather income tax department asks the source of income of fixed deposit or not.

please tell me how to deal with this problem

regards
Profile Image

Ankur Singhal

Profile Image

Ankur Singhal (Expert)
23 March 2016 Dear
In my opinion they will ask about the source of funds.
This is the question of prime concern.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details