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Amount deposited by neighbours

23 December 2016

Hi Folks, Please help on the below!! A & B are neighbours, both are daily wagers in construction industry . A has bank account and B doesn’t have a bank account . B’s daughter working as a daily labour in Mumbai. B’s daughter deposited 7,00,000( Multiple instalments) to construct a house in their native , to A ‘s bank account instructing to hand it over to B. ITD issued a notice to A for non-filing of IT Return and to disclose the source of that 7,00,000 deposited in his bank account. Please help A. P.S: This is the real incident happened to my neighbour. .

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2 Replies

(Guest)

Please provide more information.

1. was cash deposited in A's account? does this relate to demonetisation?

2. can B's daughter explain the source of cash Rs 7,00,000?

3. Section and date of notice

lakshmi narayanan (student) (20 Points)
Replied 08 January 2017

1. Yes it was deposited in A s account. It was not related to demonetisation.

2. Yes. She can explain the source of income.

3. I exactly don't remember the section. Notice says Since your transactions banking transactions amounted to 7,00,000 what the reason behind non furnishing of IT return for F.Y 15-16 . And they have questioned on the source of the income. This notice was dated In the month of August.

Thanks in advance for your help