LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

ITR Problem

01 October 2020

Dear sir mere F-Y 2019-2020 mein Form 26 as mein SFT me 65 lakh cash withdrawal show ho raha hai aur 15000 cash deposite aise circumstances me mujhe kaise apni income tax return file karni hogi please help me

Reply
Follow
Share

6 Replies

Santosh Hegde (133 Points)
Replied 01 October 2020

Hi,,

If there is a cash withdrawal of more than 50 lakhs in a FY bank has to report the same to govt by filing a specified form on behalf of you. There is no need to worry about this u can file the ITR as you used to file in earlier years. Recently i have filed the ITR for one of my client who has the same issue. If u want more details please contact me.

2 Like

Anmol Yadav (Student CA Final ) (2 Points)
Replied 01 October 2020

Dear, Just file your return in usual manner, however you should possess the supporting evidence for the nature of transaction which have been mentioned in SFT column of Form 26AS.

Sometimes, Income tax department issues notice on the basis of SFT information.

LAW STUDIO ASSOCIATES (252 Points)
Replied 01 October 2020

Santosh sir please give me your any contact number

Santosh Hegde (133 Points)
Replied 01 October 2020

Please Call Me.8073833014

2 Like

Rafel Rock (13 Points)
Replied 01 October 2020

Dear All, What are the Legal Compliances for Partnership Firm?

1 Like

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 04 October 2020

Income Tax return, Tax Audit Report, GST return, GST annual return and audit, Profession Tax return, TDS/TCS returns, Labour law compliance i.e PT, PF, ESIC ect , if applicable