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Cash deposited in account of old currency

Tax queries 301 views 1 replies

Dear All,

I have one foubt tegarding deposited of old 500 notes in my account.I am salaried person and i have filled return from last 8 years i mean from staring of the job to till now.My question is that I am earning member of my family (my wife and one child) .i have one questation is that i have saved my money im my home if i have depodited it in my acvount that can it consider in my income at a time of file return??i have to pay tax twice because its alreasy paid every year now if i have saved it and deposited it than it will be paid tax at a time of filling return???

Replies (1)
No not at all. U dont have to pay tax. Further, u won't get any notice from IT department too. Happily u can deposit that amount.


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