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1200000rs in saving bank account

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patel kishan

6 Points Posted on 26 September 2020

maine mere saving account me 2018 me 1200000rs jamaa kiye the.mere papa ne unke friedns se udhaar liye the meri shaadi ke liye.ab income tax department se text message aaya he un paise ki detail maang rahe he.ab muze kya karna chahiye?(Dear AXXXXR PXXXXL - Income Tax Department has received information about Cash Deposits of 1208000 relating to XXXXX1618X in FY 2018-19. However, as per records available, ITR for AY 2019-20 has not been filed. Please file your ITR by 30.9.2020. You can view transaction details and submit online response under e-Campaign tab on Compliance Portal (https://compliance.insight.gov.in) - ITD)

Replies (3)

Quick Summary

A user deposited ₹12 Lakhs into their savings account in 2018, borrowed from friends for their wedding. They've now received a notice from the Income Tax Department requesting details about these funds as their Income Tax Return (ITR) for the relevant assessment year hasn't been filed. The advice given is to file the ITR for FY 2018-19, disclose the cash deposit, and declare the borrowed amount under unsecured loans before the September 30th deadline.

jacinthamary

accountant

888 Points Posted on 27 September 2020

File ITR for FY2018-19 and disclose the cash deposits

Jayendra

student

216 Points Posted on 27 September 2020

Compliance portal pe jaa ke Agree kar do ki deposits aapne ki thi aur before 30th sept. AY 19-20 ka ITR file kardo aur usme unsecured loans mein udhar peise disclose kar do. :)