Cash depsoited of rs. 10 lakh

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Dear Sir,

I am deposited cash of rs. 10 lakh in one time in Bank. I am not the Income TAx Assessee. Now i have received a notice from Income Tax Department. How i replied of this Notice. please give the suggestion.

 

 

 

Replies (1)

first of all let me make one thing clear to you that dont do this again in future....now regarding the notice from income tax..well u have to now disclose the exact source of such cash of Rs. 10,00,000 otherwise your whole deposit of Rs. 10,00,000 would be seized by the I.T department.....be careful while drafting the reply to I.T dept as any wrong declaration or false transaction might put u in trouble...so present the transaction in such a way that this Rs 10,00,000 doesnt get seized and at the same time u can save tax also.....:)

ok.

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