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Tax liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 November 2011 WHEN A AMOUNT WHICH IS CREDITED IN (X)YOUR A/C (SAVING) BY MISTAKE OF BANK CLERK ANY NOT YET BE RECTIFIED. THE AMOUNT OF THIS RS.650000/-

WHAT IS TAX LIABILITY IN THAT A Y.

IS X IS LIABLE TO PAY INCOME TAX
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
29 November 2011 No X is not liable to pay Income Tax. Contact the bank and say them to rectified it as soon as possible.
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