Bank statement income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2016
If my freind deposited say Rs. 100000 to my personal account for his purpose , my doubt is am i liable to pay tax on that amount.
26 March 2016
Your friend deposited cash Rs. 1 Lac in your personal a/c, its means u accepted cash deposit more than rs. 20000/- which is clear voilation of Sec 269SS. you may have face the penalty.
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