My respected chartered accountants,
if one person nothing do any business and job ,but he wants to file Income tax return filings first time ..
he tells I have more money in bank balance
what to do for Income tax return New but he is simply bare person having more money but not going any job ??
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New Assesse
Replies (27)
Quick Summary
Only income has to be reported in ITR and not all credits in bank accounts and bank balance
Can I show in income from other sources??? bank interest
Depends on his transaction in banks and source of income. In case of new assessee, it is better to consult some CA with required documents.
Your suggestion CA Rashmi mam of this case?
Wrong information should not be given in ITR.
Just balance in bank need not be income.
You must prove that you have legitimate dource
Just balance in bank need not be income.
You must prove that you have legitimate dource
Anything else, keep replying we all are here to get replies from you again and again
If you stop posting then others will stop
Thank you Rashmi Gandhi CA jii
Welcome Sanjay Kumar ......
Eswar sir ,it's just a case study my query
👍🏻👍🏻
Sanjay what you want to say
Nothing my honourable CA Rashmi Gandhi mam
@ Sanjay ,
Even if it is case study there is genuine cause to show under other sources
Even if it is case study there is genuine cause to show under other sources
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