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Bank entry (26AS)

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Ashish

Chartered accountant

193 Points Posted on 08 November 2020

Dear Experts,

i want to know about, entry shown in 26 AS is, (SFT-004 cash deposit other than current account) Rs 12,23,750 wht it means, and how to deal with it, while filling ITR .

Thank you

Replies (4)

Quick Summary

This discussion clarifies a '26AS Bank Entry (SFT-004 cash deposit other than current account)' for a deposit of Rs 12,23,750. Experts confirm this signifies a cash deposit into your account during the financial year. You can proceed to file your Income Tax Return (ITR) normally, as the figures will be reflected appropriately, provided you have disclosed the source of income or maintained proper accounts.

jacinthamary

accountant

888 Points Posted on 08 November 2020

You have deposited this cash in your account in the given financial year. Did sclose source of income during IT returns or maintain proper accounts for the amount deposited