Is all deposits in bank under in any income tax liability?


(Querist)
20 August 2019
SIR,
MY CLIENT DEPOSITS MONEY IN A FINANCIAL YEAR TO BANK BY CASH OR CHEQUE . SOME TIME TOTAL DEPOSIT AMOUNT IS VERY HIGH THAN GROSS RECEIPTS OR TURNOVER , WHICH HAS SHOWN IN INCOME TAX RETURN FILE. THEN, ARE THERE ANY INCOME TAX LIABILITY ON THE TOTAL DEPOSIT AMOUNT , WHICH HAS DEPOSITED BY CASH OR CHEQUE?

IF YES , THEN HOW I CALCULATE OR SHOW THE TOTAL DEPOSITS AMOUNT IN INCOME TAX RETURN FILE? PLEASE ANSWER.



You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :






×
close
CA Learning
Get Income Tax App    |    x