16 August 2013
sir, i have receive a non statutory query from income tax officer regarding cash deposit of rs 1360400 in a saving account for the financial year 2011-12 as my income is not taxable i have not filed any income tax return,nor i have maintained any books of account for the business whose turnover is less than 40 lacks. cash deposited to saving account is sales from a business & i have made payment to vendor through cheques from my saving account. kindly advice what step i have to take regarding this.