Deposit in s.b a/c

Others 487 views 1 replies

If sum of Rs. 9,00,000/- is deposited in S.B A/c and after 2 months it is taken back.

How does this affect in annual income tax declaration? what are the Income tax related issues wiil arise on this?

Please suggest.

Replies (1)

You will have to prove the source of this deposit and that you have considered the same while preparing your income tax return.


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