Regarding cash transaction
This query is : Resolved
sanjay modi
(Querist)
02 June 2016
Dear Sir, . If a person has salary income & income from other sources any cash deposited and later withdrawal from bank be treated as income in ITR.
Murtaza I Bhagat
(Expert)
02 June 2016
No if cash deposit from your salary income and other sources then no further tax liability creates.
Rupesh Jain
(Expert)
02 June 2016
no, its not income if you have sufficient source of deposited cash.
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