12 October 2013
respected sir, i have filed form 4s for ay 2012-13 declaring the income at 8% amounting to rs 2,80,000 and paid tax there on. i have declared cash on hand in form 4s amounting to rs 2,20,000. now i came to know that declaration of cash on hand in exess of 50,000 may invite notice under wealth tax act.please some one clarify the issue thanking you