Cash deposited during demonetisation

I differ over the point.......

This is one of the ways the seniors were suggesting during demonetization, a loophole which government could not plug.

In this case the return filing is mandatory, provided the income exceeds basic limit, which would not be.........

There is no compulsion for filling of return based on any amout of cash deposited in bank accounts during the period.

SFM reporting was for any amount deposited more than 2.50 lakhs (in any single) account..... below that no reporting by banks.  Now if return is filed, chances of query arises, but otherwise no query if deposited around 2 lakhs in each account (in frangments) in number of accounts,,,,,, without filing return !!!!!!!!!!!!!!!!!!!!!!!!!!!

That could be one of the reasons, there was heavy rush for opening  new accounts in different banks.........

yes Raja it's saving amount but just want to confirm do she need to file ITR for this amount?

2.9 lakh only.

Ok Thanks for clarification Raja.

Don't Want Filing...

Bcoz.,

The normal assessee(below 60) can deposit at the time demonidization Rs. 2.50 l ll be depositing and Govt also allowed. She is senior citizen she can deposit Rs. 3 lakh. So, I surely  No more enquiry and Compliance...