Cash deposits above 10 lakhs

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ipcc
209 Points Posted on 20 June 2022
Hi this is Veera,
Now I want to file ITR return for ay2022-23, while filing, In AIS I saw above 10 lakhs cash deposits, how can I give declaration regarding these cash deposits.
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On 20 June 2022 at 16:36 Report
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Quick Summary
If you've made cash deposits exceeding 10 lakhs, you'll need to declare the source of this income when filing your Income Tax Return (ITR) for AY 2022-23. While a specific declaration for the deposit itself isn't usually required, it's crucial to accurately report the origin of these funds in your ITR.

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CA Practice
147952 Points Posted on 20 June 2022

How you got the money for deposit.

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On 20 June 2022 at 16:50
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Chartered Accountant
86505 Points Posted on 21 June 2022
No declaration required, however you need to know the source of income and same is to be reported in ITR
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On 21 June 2022 at 07:18

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