Payment received from other account
This query is : Resolved
ARUN GUPTA
(Querist)
09 August 2021
We received a payment from a party from other persons bank account. Now we have a Income Tax scrutiny and party is not confirming Accounts . What should we do in these circumstances . What should we reply to Income Tax Authorities. Please advise?
Dhirajlal Rambhia
(Expert)
23 September 2021
You declare your transactions related to sell and receipts, and let the ITO decide the future course.
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