Cash sales
Bombay Keeda (1 Points)
10 November 2016Bombay Keeda (1 Points)
10 November 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160917 Points)
Replied 10 November 2016
"If the money is legitimate which had been previously withdrawn from bank or earned legally and saved and had been disclosed, there is nothing to worry about," The Finance Minister further said that housewives, small traders and farmers with genuine savings need not worry about depositing cash in their bank accounts.
erdeep
(engineer)
(309 Points)
Replied 13 November 2016
Dhirajlal Rambhia ji .... i sold agriculture waste like bhoosa to moortikar who make ganesh ji durga ji moorti during seasons this work was totally without bill .... how can i justify this income ???
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160917 Points)
Replied 13 November 2016
ITO will ask for justifying evidence for any such transaction. One cannnot earn by selling AIR. Any sort of purchase, sales, bank transactions, licenses, your vocational ability, your ealier ITRs..........
How suddendly income arised after this tsunami?
erdeep
(engineer)
(309 Points)
Replied 15 November 2016
respected sir .... i am filing my return since 5 years last fiscal 2014-2015 i didnt file my return ... cant i show it in my last year return ??? and agri waste that i sold to moortikar ( statue maker ) has now gone to their respective places ... i sold those items when they were in city ... now i have no connection with them ? my income from agri waste was 50,000 apart from other income ...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160917 Points)
Replied 15 November 2016
What is the balance amount you want to disclose as on today?