hi ,
i have deposited Rs 1046000 cash in my bank account A Y 2011-12 and received notice from income tax department for the same. i have visited income tax department and claim it is a agricultural income but assessing officer denying to accept and also he is telling that we will issue order.
what assesing offcer has right and how much tax i have to paid.
pls suggest your best opinion.
Regards
Abhishek