Menu
Amount recived in Saving Accout
if any person received Rs 45 lakhs in saving account, then what will happen. Income tax sent a notice or any other option?
Replies (3)
How he received
45 lakhs
Who paid it & why?
Unless reasons provided, it will be declared as your undisclosed income and tax with penalty liability amounts to 85%.
Recent Threads
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
Related Threads
CAclubindia
