It notice
This query is : Resolved
28 December 2014
if a person deposit or withdrawn self more than 10 lakh from bank in 2014 when will IT notice comes and if comes what will we do next for that' the person does not fail IT before that also pls tell anybody
28 December 2014
Usually bank shall inform the income tax department in it AIR report for all the deposits more then 10 lakhs in a FY and accordingly the department shall take action.
Rupesh Jain
(Expert)
29 December 2014
you have to collect the data from where you received the cash and deposit in bank a/c
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