Hi All,
My father-in-law was working in Dubai since 2011. He left Dubai and came to India on 2011. He sent his savings of arount 16L amount as a cheque to his wife who deposited that into her savings a/c. All the money he sent was his hard earned money and noting else. Now after all these years, the IT department has come to him asking to give reason for a sudden deposit of 16L rupee. It seems like he does not have any photo copy of the cheque or anything with him to present.
He is worried that he has to pay huge amount as penalty for not paying the taxes. Please can you advice on anyways that he can save his hard earned money.
CAclubindia
