25 November 2016
My mother has saved almost 50,000 over last 10 years by saving it from domestic expenses and she does not have bank account , besides for medical emmergency 7000 cash is available... will i be able to deposit it in my account ..whereas i am on the edge of tax bracket of 10 %. would it be any possibility , where i need to pay tax or i may receive income tax notice ..if i deposit this cash before 30th dec 2016.. pls.. assist asap
CAclubindia
