Hi ,

Can i give 3-4 lack money to my parent from saving ( salary saving ).
1) Are they need to show it in ITR
2) Do they need to pay tax .
3) In future if thet want to give back in case of odd time , do i need to show as income that time and again need to pay tax.

thanks
vikas

due to demonitisation if any body has savings of previous years which was below taxable limit n that person has not filed any return but now that person want to deposit the savings in bank altogether which is more then 2.5 lakhs..can he do so? by filling return of 2 previous year in cash n deposit that cash in his bank account that amt say 5 lakhs..does any query may come?if we file it return for the previous years now..?

Sir ,

Query relating of refund of income tax amount . I filed the return by wrongly entered the account number .Refund status shows refund got settled . I don't that account holder details. can any one help me how to retreive that refund amount

Sir ,

Query relating of refund of income tax amount . I filed the return by wrongly entered the account number .Refund status shows refund got settled . I don't that account holder details. can any one help me how to retreive that refund amount

Any problem if i deposited 500/1000 Rs. Deposit in current account more than 2 time.
because of we have cash in hand 13 Lakh but on 9th nov we deposited 2.5 lakh (500 &1000) only. now we want balance amount deposited in to the account but some experts guide its wrong.
so please guide us we maintained cash basis accounting in our 4 branches

halo,
I have withdrawn the retirement benefits in cash to invest in other, at this current situation i was tumbled what to do?
If I pay it again to my a/c will it attract penalty and other procedures? Any professional pls help me...Thanks in advance...

Dear Experts,

I request the experts to suggest me a solution to my situation.

I am a software engineer i earn about 60k per month. My financial condition: I have a home loan of 10 lacks. Credit cart due 1 Lack & personal loan of 3 lacks.

I have received money on selling my inheritance property from my father
My grandfather bought a property in 1955 from 5000
30% of that property(Old house) given to my father through a will.
Same have given to me through gift deed for as per govt rate of 680000 in Nov 2014.
I have sold this property for 2550000 after demolishing the house in September 2016.
One real estate agent mad an agreement with me for 2550000 with a duration of 3 months and given an amount of 10 lacks as an advance and demolished the house in the premises and kept the open land for sale.
After 2 months they got a buyer and asked me to attend me for registration.
The actual buyer showed the value of the land for 580000 and given me a cheque of 6 lacks and rest of the amount in cash.
Now how do I treat this cash lying with me?

What should I do now?

All proof I have about this transaction is that having a photo copy of the agreement I made with the real estate agent for the value of 2550000/-

Please suggest the solution.

I am ready to pay the tax from my side and show this money in my accounts.

Best regards,

my mother has Rs.200000 in bank a/c now.Her cash in hand in books is now showing an amt. of Rs.16.5lakh...Can the whole sum be now deposited in bank??

i m having a higher education trust in which i have cash in hand as of now Rs.650000 and if i can deposit any sum of amount now above Rs 250000...is it possible???

how much money can i deposite in to a saving bank account after this impact of 500rs and 1000rs. stopped and i have 2000000 in cash then how should i deposite this money in bank so that i should get relief from income tax plzzzz answer this query as soon as possible plzzz its urgent