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Deposit in bank 36L

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514 Points Joined May 2019
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
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On 14 December 2021 at 14:11 Report
Replies (7)
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Master in Accounts & high court Advocate
9610 Points Joined December 2011

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.

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On 14 December 2021 at 14:17
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ca
603 Points Joined May 2013
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.
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On 14 December 2021 at 17:01
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514 Points Joined May 2019
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
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On 15 December 2021 at 05:22
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Profession Business
28196 Points Joined May 2017
Reinvest a part of it. file itr every financial year.
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On 15 December 2021 at 08:59
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514 Points Joined May 2019
I dont get you sir.what you mean by reinvest??
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On 15 December 2021 at 10:36
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engineer
1072 Points Joined March 2013

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

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On 17 December 2021 at 00:00
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514 Points Joined May 2019
Not my income..
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On 17 December 2021 at 09:12

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