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Notice for cash deposit sft-003

Tax queries 656 views 2 replies

A person having tour and travel business deposited Rs 2.5 cr in his current account he only has Commission income of rs 7 lakhs only

He takes Full money from clients in cash and deposited to the bank and pay for bookings.

now how to reply to above compliance? 

Replies (2)
if you have details of clients from whom you have got money for booking tickets, get confirmation from them and produce the same along with copy of tickets

YOu submit detailed reply online. Otherwise you will get notice for manual scrutiny. 


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