06 February 2022
Dear Sir, Please help me i am little confuse someone worried me if you file your ITR then you face to notice from IT department because you mention your all saving account detail in ITR. Sir, its reality or not i have never filed ITR because annual income is less then basic limit. but i am saving Rs.90K to 1.10 Lac each year from Since 2007 Company graduity & PF withdrawl also in Bank. We have converted to FD Kindly suggest,
06 February 2022
No need for confusion and worry. No notice will be received in such a case of small deposit and saving. You have valid explanation that annual income is less then basic limit. but i am saving Rs.90K to 1.10 Lac each year from Since 2007 Company graduity & PF withdrawl also in Bank. We have converted to FD. You can reply as above in case of notice received.
CAclubindia
