Income tax scrutiny
This query is : Resolved
Aasif S sayyad
(Querist)
25 November 2014
Which circumstances will be arises income tax scrutiny under saving account Cash transaction and other activities individual person in India?
Amol S Joglekar
(Expert)
25 November 2014
The scrutiny norms get changed every year.
A consistent CASH deposit of INR 5 lac or more will be prone to scrutiny.
A consistent CASH deposit of INR 5 lac or more will be prone to scrutiny.
25 November 2014
agreed with above reply
Rupesh Jain
(Expert)
25 November 2014
at present if you deposit cash Rs. 10 lacs in a year then you can ace CASS securtiny
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