hi experts
greetings
my query is that there is a salary person and he also earn outsourses and that amount he deposited in to bank as cash now when i checked his bank statement then app.400000/- deposited as salary from his company and other 250000/- in full year he has also deposited in the bank so tell me how much income he should take for the tax calculation .
thanks
you should ask him for the source of Rs 250000/- deposited. depending on his answer tax should be calculated.(for eg if it is commission income/ professional income/ sale of asset/gift from relative etc) In each case, the tax treatment will be different.
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