Saving bank account opened by three members, the second member deposit Rs 10 Lakhs cash in the account in several dates in the particular financial year. How is liable to pay tax and how the income tax department assumes of the member deposit the amount ??
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Cash deposit by second account holder (how is liable to pay tax)?
Replies (1)
for the above - there is no tax liability arise on deposit of money in savings bank account (subject to there must be proper/ &satisfactory evidence /explanation for the origin or sources of money, if required)
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