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Cash deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 March 2018 Sir,
I am a govt. employee. I deposited Rs.100000/ (ten lakhs) in my bank a/c during demonetization period. what should I do to save tax if income tax return is to file?

your

benjamin
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 March 2018 unless and until you have the reasonable evidence for the source of this cash, forget tax saving, be ready for payment hefty tax and interest plus penalties.

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