A perosn deposited more than 50 lakhs in a current account of a person but his sale satement as per VAT record is 6 lakhs . how to manage this account and what would be its tax liability.
Menu
Depositing more than 50 lakhs in current account
Replies (1)
Declare it as unaccounted cash under new disclosure scheme to be implemented, and get relief from any future complications.
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
