Urgent.....pls help
Querist : Anonymous
U have to appear on the said date with the some particulars,he had demanded.
The last line was written that if we fail to appear on the said date then further action as per law will be initiated against you and further no opportunity will be afforded to u.
-My question is what will be the further action as per law? as there is no reference of any section.
Pls explain with relevant case or section.
Thanks
as if you have deposited the money in bank , there must be cash in hand on specified dates.
if the statement is wrong then appear and produce evidence that you have not deposited such amount.
non appearence will make u convict and department will initiate evasion case against you.
Querist : Anonymous
Sir,can u please explain in detail about the evasion Case?
pls
if the ITO feel fit then they can ask the depositors to confirm the transaction( better get confirmations from them in advance)
without these, the money would be accounted in your hands and would be taxed as per rule.
if you avoid the notice then department would book the whole amount in your hands on which tax is not paid, and would proceed accordingly
as the amount is not so petty cash, do the reconcilation carefully and with evidence and confirmations.
in case they had to deposit, they had to use cheques, but cash transactions made it doubtful, now only their confirmations and your reconcilation would save the situation.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Invoice V/S Goods receipt Note Date
- Value of property in capital gain
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
