sir i am assesee depozited 2 lks in demonetisation from my house savings , is it this will be added to my income or wil be exempted as house savings
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193771 Points)
Replied 18 October 2017
Depends upon how you defend your claim against any objections raised by IT officer........
Ashwin Kumar
(1234 Points)
Replied 19 October 2017
it's ur savings...there will be no issues..if any question raised from it department u have to show source...if u r not able means it will be taxed at 60% ...the said percentage can be additionally increased by a few equal to as high as 25%...i am saying the consequences if u are able to show the source then, u will have no problen
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