Unexplained cash credits
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2015
One person transferred Rs. 2800000 into my client's bank account, that person was his relative. That person was having one signed blank cheque of my client through which he transferred the amount to his construction business. Now my client has been issued a notice by the income tax department. How can I save my client from the addition of Rs. 2800000. Please help
29 April 2015
show the reasons... else there are no ways out of this
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2015
What kind of reasons can be shown??
I got prepared an affidavit by that person in which he has accepted the fact that he has transferred the cash and transferred the same through cheque but the AO is not considering it to be a valid proof .
I got prepared an affidavit by that person in which he has accepted the fact that he has transferred the cash and transferred the same through cheque but the AO is not considering it to be a valid proof .
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
- SEC 54 OF IT ACT
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- REGARDING GST ON COMMERICIAL PROPERTY
- Form 26QB for TDS on property
- Residential status for filling income tax returns in India
- DTCP approval
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- GST rate for millets.
- Payable outstanding for years disallowance
- What is paid meaning under form
- Consequences of short and excess provision of expenses
- Provision for income tax and adjustment entry
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
