Income tax notice
This query is : Resolved
arpit aggarwal
(Querist)
20 March 2015
if we received a income tax notice regarding deposit of more than Rs. 10,00,000 in a saving bank account
then what should be done to resolve the matter
CA AnKiT BoHrA (AB)
(Expert)
20 March 2015
what they are asking is important.. if they are asking about the sources of generation of huge cash... then u need to tel the reasons why so huge cash ???
20 March 2015
then u need to provide all sources for such deposits made and whether u have shown it as taxable income or how u have treated it in ur itr also needs to be shown.
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