Notice under section 142(1)
This query is : Resolved
Nitesh kumar
(Querist)
02 October 2019
I got a notice under section 142(1) of income tax act for FY 2016+17, they which they wanted to know details sources of income against cash deposit in bank....but the problem is I use to run a small fruits shop and don't maintain any accounts.
So how should I reply.
So how should I reply.
CA R SEETHARAMAN
(Expert)
03 October 2019
How much cash you deposited in bank is it related to your business only. Any bulk deposit of cash made.
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