Cash deposit post demonetisation in my savings account
This query is : Open
02 December 2016
I have deposited Rs. 1 lakh in my savings account in old currency after demonetisation.
I had started working JUD Cements Ltd in October 2009 to April 2013 and again I joined JUD Cements Ltd in July 2015 and worked there till May 2016 I was getting salary in cash only on few occasions they made a bank transfer of salary.
JUD Cements Ltd has not issued my Form 16 for the F.Y 2012-13 and F.Y 2015-16 so far because of this I had not filed my ITR for these two years.
During May-13 to Jun-15 I was giving tuitions and getting my fees in cash only and also I did practice for some duration in that also I got my fees in cash only I have filed ITR from F.Y. 2009-10 onwards except for the F.Y 2012-13 and F.Y 2015-16.
My question is this whether IT department will issue me notice regarding source of the cash deposited.
I have sent an email to the company's concerned person regarding issuing my form 16 for the F.Y 2012-13 and F.Y 2015-16 but I have not received any satisfactory reply from my last employer.
Urgent response to my query will be highly appreciated.
Regards
02 December 2016
Deposit up to 2.5 lakhs in not considered except benami transactions.you have the source of income.you do not have to worry. Keep the appointment letter and salary slip with you.abdcalso the communications with the employer you can keep with you. The fee receipt counter copy also you can keep
02 December 2016
Sir I am not issuing fee receipts to my students and I never did.Shall I start issuing fees receipt to my students.
03 December 2016
Yes you can .at least you know your income
03 December 2016
Thanks sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
