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If My Client has only Private Tuition fees and Stiching Fees below 120000. in which head it to be Shown. If all are Cash Receipts and Deposited in bank at last Date of the Year, Can it be ok.
Replies (3)
My dear, department knows your intention; and the assessee will be cross questioned for the income source.
If ready, no problem.
what kind of information they will ask
up to 500000 (since 87a rebate has been enhanced to 12500) there won't be any problems in case of cash deposits. this is my opinion
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