banner_ad

Deposit in bank 36L

Others 269 views 7 replies
User Avatar

514 Points Posted on 14 December 2021
i am a slaried employee . my salary is 15L credited to my bank sb account .besides that some bank tranfers are done in the account.but at the end of the year total deposit side amount comes to 36L.Since only 15L is my income i file ITR showing my salary only.is there any issue as the total deposit is 36L.??pls reply thanks in advance
0 Reply Share Follow
On 14 December 2021 at 14:11 Report
Replies (7)
User Avatar

Master in Accounts & high court Advocate
9615 Points Posted on 14 December 2021

The credit given to the account is wrong credit. At any point of time Bank is entitled to reverse it and credit to the correct account holder. It is the responsibility of the account holder to inform the mistake to the banker and rectify the same.

1 Reply
On 14 December 2021 at 14:17
User Avatar

ca
603 Points Posted on 14 December 2021
There will be no issues. You can easily show then as loan or advances. Moreover IT department will not bother unless physical cash is deposited in account.
1 Reply
On 14 December 2021 at 17:01
User Avatar

514 Points Posted on 15 December 2021
Ok thank u sir..but one more doubt sould i clarify for what these loans are taken ??and since i am filing itr 1 where is the place to show loan and advance?? pls reply thanks in advance
Reply
On 15 December 2021 at 05:22
User Avatar

Profession Business
28207 Points Posted on 15 December 2021
Reinvest a part of it. file itr every financial year.
1 Reply
On 15 December 2021 at 08:59
User Avatar

514 Points Posted on 15 December 2021
I dont get you sir.what you mean by reinvest??
Reply
On 15 December 2021 at 10:36
User Avatar

engineer
1072 Points Posted on 17 December 2021

extra 21 lakhs transferred from where is your own money or income.

1 Reply
On 17 December 2021 at 00:00
User Avatar

514 Points Posted on 17 December 2021
Not my income..
Reply
On 17 December 2021 at 09:12


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details