Please suggest me how to I file my ITR I do many many money transfers amounting to Rs 20 Lac and above
I received a notice regarding filling of income tax return
Yasir
Notice under which section...
then I can tell you.
sabyasachi mukherjee
(26511 Points)
Replied 14 March 2020
Yasir
(article assistant )
(440 Points)
Replied 14 March 2020
Eswar Reddy S
(CFO- at NHTF)
(58252 Points)
Replied 14 March 2020
sabyasachi mukherjee
(26511 Points)
Replied 15 March 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 15 March 2020
transfer of funds is connected to filing of ITR in the following cases :
1. where a person has withdrawn FROM bank account(s) more than Rs. 1 cr in the preceding FY then TDS shall be deducted by the Bank over and above Rs. 1 cr @ 2% u/s 194N
2. where a person deposited in a current account(s) more than Rs. 1 cr in a Bank then in such a case filing of ITR is mandatory .
sabyasachi mukherjee
(26511 Points)
Replied 16 March 2020
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