ITR Problem

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252 Points Posted on 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
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On 01 October 2020 at 17:24 Report
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This discussion addresses concerns about a significant cash withdrawal (₹65 lakh) and a small deposit (₹15,000) appearing in Form 26AS for FY 2019-2020. Experts advise that banks report such large transactions to the government. The user can file their Income Tax Return (ITR) as usual but must retain supporting evidence for the transaction's nature. It's noted that the Income Tax Department may issue notices based on SFT information, and having documentation is crucial.

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133 Points Posted on 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.
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On 01 October 2020 at 18:25
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Student CA Final
2 Points Posted on 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.
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On 01 October 2020 at 18:32
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252 Points Posted on 01 October 2020
Santosh sir please give me your any contact number
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On 01 October 2020 at 18:37
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133 Points Posted on 01 October 2020
Please Call Me.8073833014
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On 01 October 2020 at 18:48
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13 Points Posted on 01 October 2020
Dear All, What are the Legal Compliances for Partnership Firm?
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On 01 October 2020 at 19:33
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Tax and Business Consultant
11616 Points Posted on 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
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On 04 October 2020 at 18:02

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