Cash deposit e campaign reply

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29 Points Posted on 30 March 2022

Hi, I have a money transfer business in and deposit Rs 8-10 lac cash everyday. I usually deposit all cash in current account but mistakenly deposit some in savings account. Now I have received ecampain notice from income tax. Please suggest what to do? 

 

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On 30 March 2022 at 00:56 Report
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Quick Summary
A user running a money transfer business is facing an Income Tax e-campaign notice due to depositing daily cash earnings into their bank accounts. They mistakenly deposited some funds into a savings account instead of their current account and are unsure how to reply to the notice, especially since the deposited cash represents business turnover, not personal income.

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Chartered Accountant
533 Points Posted on 30 March 2022
File your ITR and disclose your correct income,then reply to the e campaign message
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On 30 March 2022 at 01:27
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29 Points Posted on 30 March 2022

What to reply in e campaign as the cash deposits are not my income.

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On 30 March 2022 at 06:52

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