Amount recived in Saving Accout

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30 Points Posted on 05 April 2019
if any person received Rs 45 lakhs in saving account, then what will happen. Income tax sent a notice or any other option?
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On 05 April 2019 at 20:52 Report
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accountant
409 Points Posted on 05 April 2019
How he received
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On 05 April 2019 at 22:13
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30 Points Posted on 05 April 2019
45 lakhs
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On 05 April 2019 at 22:23
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other
272 Points Posted on 06 April 2019

Who paid it & why?

Unless reasons provided, it will be declared as your undisclosed income and tax with penalty liability amounts to 85%.

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On 06 April 2019 at 10:23

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