Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2018
Plz let me know ...if a person income is INR 180000 per annum but he made a transaction of 380000 per annum through Bank (EMI payment of loan taken in his name on behalf of others) whether tax is payable under income tax act 1961
Expert : Anonymous
Expert :
Anonymous
(Expert)
14 December 2018
No need...
But, Better to keep the documents for the source of amount.
27 September 2021
In case of query, need to justify the source of remaining 2 lakhs.
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