Please Help: deposited 20lakh cash in bank in single transaction but very few cash according to books
Posted Date : 17-Oct-2014 , 07:02:06 pm | Posted By: Ashish
Category :
Income Tax | Answers :
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Comments :
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my client has deposited 20 lakh cash in his bank A/c by a single Transaction,
But As Per his Books he was not having so much cash as per his books of accounts
Please tell me how to tackle it
Till now the client has not filed IT return in which he deposited cash |
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Comments |
Posted By : Ashish |
20-Oct-2014, 06:23:24 |
But Sir
If the Relatives Does not has that much cash at that time then what to do. |
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Posted By : Ashish |
20-Oct-2014, 06:20:59 |
Thanks Sir for your reply |
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Posted By : Tarun Goyal |
19-Oct-2014, 12:19:56 |
U may show the same as loan from related party. But also remeber disclosure requirement of 269ss gets fulfilled.
Tarun goyal, CA
9582460340 |
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