Investment amount in fd correct value

This query is : Resolved

Kollipara Sundaraiah (Querist)
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30 June 2024 Sir,
Assessess itr returns filed last 5 years details mentioned below
Income last 5years rs:35 lacs
Expenses claim last 5 years rs:12,50,000/-
Net balance amount rs:22,50,000/-
Assessess amount fixed deposit in bank rs:30 lacs
Question:
Assessess deposit amount rs;22,50,000/- or rs;30 lacs is correct procedure.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 June 2024 When the FD is made for 30 lakhs, the correct value remains the same.
In case of any query, assessee need to explain the source for the additional capital.

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