Menu
Regarding bank transaction
Respected sir, I am an Accountant, sir my case has been fixed under section 142(1)to show the cash deposit of Rs 16.00. Lac at the time of demonization, sir this amount was deposited by my son by taking the cash withdrawls from his cash credit account and deposited in my cash credit account. Sir my son is an excise/ wine contractor. Sir please advice me how to explain the said amount. Sir this amount was deposited by my son out of his trade cash. Please advise me Thanks
Replies (2)
simply, Mention the same situation in a formal letter and send them the reply.
just mention The cash deposit was made by my son out of his Cash withdrawals made out of his Cash credit account.
if possible attach them the bank statement of such account.
don't specify anything about your son more than this.
just mention The cash deposit was made by my son out of his Cash withdrawals made out of his Cash credit account.
if possible attach them the bank statement of such account.
don't specify anything about your son more than this.
You may also be later required to provide PAN of your son. Mere formal letter won't be sufficient
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
